I found some time to play at Felt on Sunday night. Indeed a stylish modern pool room. The layout was very open, once you walk in you see the bar in front and a section of beautiful Diamond tables on the left and rows of Valleys and Brunswicks to the right. There are a few more tables towards the back too. The layout and decor are certainly alluring. And it's a smoke-free room! The place also has some better house cues for rent at $1/hour, if you're not happy with the regular ones off the walls.
Maybe because it was a slow night but the service was a bit lacking. The staff was nice and friendly, but when I asked for a table nobody took that opportunity to ask me if I'd like food/drinks/cue rental (it was around dinnertime). Imagine the possible value-added upsells... (Or perhaps I'm just spoiled by the staff at my local room.
It was a pleasant experience overall, with excellent equipment for serious and casual players alike. Thanks again to the local AzBers for the recommendation.