Pros
The company pays well, the benefits are great, and I believe who are still there sincerely want Imation to be a successful company.
Of all the companies that I have worked for, I would consider this group to be the most ethical group that I have had the privilege of calling co-workers.
Cons
The company made its mark with businesses that no longer relevant, such as recordable CDs, TDK boomboxes, flash drives, etc.
Unfortunately for the company those market (if they are even relevant) are commodity markets, which aren't driven by quality or features, and price points and margins have dropped dramatically.
This has led to the current situation where there are good people who had past success, but they are now needing to reinvent themselves. So the company is caught between investing in dying businesses that still bring in some $$$, and gambling on buying existing business that are having moderate success, and hoping they can ramp that moderate success into massive success.
I am reminded of Hugh Grant's character in the movie "Music and Lyrics". Which may sound sad, but the film did have a happy ending, so perhaps the team at Imation will have another hit.