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Pros: I've installed about 15 of these monitors for work and all I could say every time I put one down was "wow". The size is unreal, the colors look great and the resolution is awesome. I saw no dead pixels on any of the monitors, and they worked perfectly with the existing equipment (HP laptops and desktops).
Cons: Widescreen is nice, not always needed for business applications. Desk space is an issue since it's just so wide. The stand doesn't extend as tall as some people may like, but can be fixed by simply putting something under the stand.
Like it's 24" friend, the stand does not lock, so be careful if you put weight on top of the monitor.
Other Thoughts: Some may be concerned about the resolution difference, it's not "full HD", but it still looks amazing. I would say any larger resolution would make reading the text and such too difficult. It's a perfect mix of resolution and size.
I'm tempted to buy one for myself right now!