Pros
It's a step in the right direction for someone looking for an entry-level IT job. You can receive exposure to a diverse number of applications, providing some useful job experience. There are decent benefits (IF you can get them approved). They provide a comfortable office environment with free coffee.
Cons
Don't expect your IT skills to matter in this company. You will actually get farther in this company by NOT working hard and 'passing the buck' to the next guy who's willing to do the work. You may get the occasional fake praise for your hard work, but in the end, the person who comes in late everyday and slacks off is the one who will keep their job. It's all about the ability to charm your supervisors and pass the popularity contest because, after all, they are insecure and know nothing about IT. Turnover is high, particularly with management. There is no consistency as to how procedures are done, how knowledge is disseminated, how training is done, who does what and what their job titles are, how benefits are administered, etc. Don't expect long-term employment as they have been outsourcing jobs overseas. They are, after all, an IT outsourcing company. There is always tension in the air and a strong sense of distrust amongst co-workers, which leads to a very stressful and depressing experience.