I was also disappointed with my last steak at Smith & Wollensky, so we tried Michael Jordan's and it was great. I've never been to Peter Luger, so I can't compare - and it's not as good as some places in Kansas City, but it hit the spot. I'm a sucker for Grand Central, so I loved the ambience. We split a double size porterhouse - we asked for it rare and the chef presented it himself to make sure it was rare enough for us. It was. The mac and cheese was terrific and so was the creamed spinach. Unlike the overly cheesy and floury mix you usually see, it was pure spinach with a touch of cream. We had heard the service was bad, but ours was excellent. They even offered to move us to a better view once one of the tables opened up. Also, the wine list was quite good, with well-priced selections in half bottles as well.
We skipped the appetizers and split a cheesecake for dessert, which was pleasant. The coffee was disappointing but by that point, we didn't care.
The meat was very tasty and with perfect texture. Not quite at the level that makes you want to cry with every bite - but I've never had that quality in NYC anyway.