I tried out Pho 54 in Chinatown since it's fairly new and tried their Pho which was good but not as good as Pho Hoa. I will return to try some of their non-pho items; the menu had a lot of variety. I think if you like Pho2000, you will like Pho 54.
The place was very clean and the service was good so I think they'll "make it".
BTW, I went to Hing Shing Bakery after and got a custard pastry- awesome!