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Pros: - 1tb is more than enough music/photo/video storage for the majority users. - Comes with backup software that is easy to remove.
Cons: - No encryption - Would be nice if it came with a protective sleeve of some sort like the old FreeAgent Go once did.
Other Thoughts: Haven't bothered with the backup software that came with drive since Seagate Manager has worked great for me for the past 5 years. Seagate Manager (already installed on the win7 box) picked up the new drive when I plugged it in and began the backup when I clicked start. Nothing crazy. A very simple and organized backup strategy.
I'll save the new software for when I move to Windows 8.