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Pros: It only cost $400, and I immediately maxed to 8GB RAM for $40 more cuz why not. After nuking (bye bloatware) and a fresh Windows7 install, this laptop is a dream. ACER conveniently provides all drivers on their site.
I even take it to LAN parties; it runs the older games we grew with on full settings without issues. Battery life is good enough to get through a 4hr college lecture and more to spare.
It keeps cool even when watching movies in bed.
Cons: Minor issue - the keyboard layout feels a little cramped but that's just personal preference
Other Thoughts: Originally, I purchased this laptop for school but have found it to be a great all-purpose tool. My other 5 year old laptop is an ACER and is still chugging away using Linux. ACER makes a great laptop.