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Pros: I've had this processor for a year and a month now. I have had no problems with it whatsoever. I still have it running on stock air and I've had it up to 3.8ghz I think. I haven't bothered to push it as I haven't had the need for extra performance - yet, and it's on a stock cooler. Great stuff.
Cons: Price I suppose. But, you pay for how fast you want to go!
Other Thoughts: I think Intel has dominated this generation with the i3/5/7's and I have no bias. Hopefully AMD can fight back. I love the ease this processor does overclock with though.