Pros
Despite all the engineering/technical talent that has left in the past several years (mostly by choice, although layoffs have been devastating to morale as well as productivity), there are still some pretty sharp people around who want to do amazing things and might actually know how if given a chance and some breaks.
Cons
Despite their many years of experience, none of the most senior leaders has experience in a role similar to what they are currently in, none has been faced with the internal and external challenges facing AMD, most do not really understand the semiconductor industry or the markets AMD is targeting, and sadly, none really have the support of the employee population anymore (that started evaporating almost two years ago).