Pros
It's a fun place to work, no doubt about it. The people are humorous, creative, and generally positive to interact with.
Cons
Management is very tight with money, to the detriment of the studio. As another reviewer mentioned here, the bottom line always wins, and as a result efforts particularly in technology are not given the support they need to truly succeed. Also, to second the comment about management skills, there is a sort of willful ignorance at the studio about how to manage people, which goes all the way up to HR. If you are a technologist you will find the studio a frustrating place. Projects are disorganized and unfunded, and there is no "vision" for the future that management enforces, so if you want to change things, good luck. For a studio of this size the IT organization is absolutely tiny, with a lot of spit and bubble gum holding the place together. Management is more supportive of the status quo than any real efforts to change this, even while they pay lip service to being forward thinking.