Pros
Ethical culture, emphasis on work-life balance, opportunity to engage in a variety of learning experiences. I'm most proud of the community orientation -- the emphasis on volunteerism, the money the company invests in basic research with a variety of universites, and the real contributions toward K-12 science, technology, engineering and math (STEM) education.
Cons
The company is shrinking now, partly due to externalities and partly due to a lack of substantive actions on long-term strategic sustainability issues. It is a generally unpleasant work environment. I hope that this will improve as the economy improves, but right now I see nothing more than lip service toward strategic issues: more agile product development, workforce development, or addressing competitors and new entrants to the market. Company appears to be following the path of "How the Mighty Fall" as Jim Collins describes. Diversity initiatives fall flat. Serious pay equity issues abound. HR is a broken organization - it does not act as a strategic partner to the business. Instead, the HR organization makes arbitrary nonsensical decisions, is a barrier to hiring appropriately to the business needs, and retaining the right people.