Michy's finally opened about a week ago. I managed to make it there this past Friday. Here goes.
From what I'd heard, the concept was to have a neighborhood place that would use high quality ingredients but reduce the portion sizes in order to keep the costs low. The menu is set up where all dishes are served in half or full orders. However, a half order is smaller than the size of an appetizer at most places and a full order is a little smaller than a normal entree. The theme is to share small plates but the half orders are too small to share so you end up ordering full orders to share. Basically, what amounts to paying less for smaller portions means you order more smaller portions and end up paying as much as you would at a Wish/Talula type place.
What I really liked was the variety of the menu. Not one, but two foie gras preparations to choose from! White and red gazpacho, duck, rabbit, cod, salmon, scallops, you name it and it's represented. Of the dishes we tried, the sweetbreads were a winner, well done but creamy. The duck with mole was good but the scallop (yes one scallop) with rabo encendido was OK (I would've rather just had the rabo encendido). The ham and cheese croquettes were bad. I think we had a bad batch because it was three air filled casings of breading with some shreds of melted cheese and serrano. The wine list is small but good. Nothing over 60 or 70 with an average of around $40. Service was good (we spoke to the host who was making his rounds around the tables. Very nice and enthusiastic guy). There aren't many kinks to work out for a place that's only a week old. Apparently the menu will change seasonally but there's enough on there to try for a few return visits. My advice, go when you're in the mood for something good, but not when you're overly hungry.