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Pros: It's big.
Fast response time.
Low power consumption.
I suppose if you just want a big monitor for cheap and aren't worried about image quality it would be a good choice.
Cons: Everything else. Black levels, viewing angles, colour clarity/accuracy are all extremely poor. Light bleeding everywhere. Viewing angle is so bad that you notice darkening at the edges if you sit at a normal computer viewing distance. No matter how you adjust the colour warmth everything always seems blue tinted and washed out.
Other Thoughts: This monitor may be big, but the image is about what I'd expect from a cheap pack-in monitor for pre-built store-bought computers. Literally everything about it pales in comparison to my six year old LCD. The viewing angle is so bad that I have to sit far enough away from the monitor that it's size benefit is negated.
This will teach me not to make impulse purchases just because an item is on sale.