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Pros: I had a GTX 285 before I had an ATI 7970. I couldn't play Battlefield 3 well, no DirectX 11 support, and frames were pretty low. After buying the 7970, I'm able to play Battlefield 3 in full ultra video mode and all my other video games in high mode with no stutter. I also use my 7970 for Bitcoin mining and at stock it gets about 500 m/hash on average. I overclocked it a bit and got nearly 600 m/hash, but this card can do way more than 600 m/hash for Bitcoin mining if you're good at overclocking. I am considering buying a second one to place them in Crossfire mode, so I can mine more Bitcoins.
Definitely recommended if you're a hardcore gamer or a Bitcoin miner.
Cons: If there are any, I haven't found them yet.
Other Thoughts: Price is pretty good for the card.