Pros: Quality of construction is solid. I haven't experienced the fabric issues listed by other reviewers, though they may have ridden harder than I have. Also, this jacket has tons of accessible pockets, and fits well through the shoulders and chest (I'm 5'11", 170lb).
Cons: It's huge. Seriously, ridiculously huge. I have a medium, and instead of being baggy, it hangs off me like I stole it from the Jolly Green Giant. It kind of bulges out at the gut, where the snow skirt kicks in, and not at all in a good way. I'm switching to the Burton Continuum. It's more expensive, but it has better waterproofing, and it doesn't turn me into a sail.