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lol, that actually looks great!
Yeah, I think over at TrekBBS there was some discussion about what this area was on the NX version, back when I was making the Potemkin shuttlebay. It could be a "traffic control tower" of sorts, but then again it would be looking the other way, plus it's way too big for that. It was clearly intended to mirror the Enterprise's arboretum windows, even if that doesn't make much sense in that area. Perhaps a large VIP lounge is another possibility, similar to what we saw in TMP, but in a bigger scale; maybe even with some trees and grass, a mix arboretum/lounge area.
Then again, that would make little sense so far away from the bridge and the saucer as a whole, where most of the crew areas are. If red alert is called while the senior staff are in this spot, the turbolift network would become saturated with officers moving from one end of the ship to the other in order to get to battlestations.
Then again, maybe I'm way overthinking this. The Excelsior wasn't made with much though into its layout. Heck, the bridge doesn't even fit into the module!