Pros
Compensation commensurate with other high tech companies. Dell also offers opportunities to really change things and strike out on your own. However, there are downside risks to doing so with almost no upside.
Cons
No overall vision/strategy that is consistent over the long term. Also, a maniacal focus on whats wrong and focus on mistakes versus encouraging risk taking. company pays lip service to risk taking and diversity. In action neither are embraced. just look at the senior executive ranks over time for a proof point. Dell is also very inconsistent in promotion policies between different divisions from the junior to executive ranks. If you are in the "in" crowd, it can be good. however, if you fall out, you are in deep trouble....