Pros
Great flexibility in terms of being allowed to work from home, flexible hours, etc. They publish great products and are very well respected in the marketplace by both customers and competitors alike. They really do want to be innovate with new products and technology. My coworkers are great people who are passionate about what they do.
Cons
It takes forever to get anything done -- too much bureaucracy and too many priorities. No one seems to know who does what any more. I have coworkers all over the country and communication is very poor across groups in all areas. Senior management is very out of touch with morale issues and very focused on "the bottom line". We are short-staffed in all areas but the workload and expectations have increased exponentially. It's not a fun place to work any more.