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Pros: When it works it's very good. Problem is that it doesn't work that much.
Cons: Please research before you buy this router and then buy something else. There are posts all over other websites and NewEgg regarding consistently dropping wireless clients. It is an unreliable router and NetGear seems unable or unwilling to fix it. In fact, in the midst of all the problems, they released a newer advanced router.
Basically, if you have a wireless printer or wireless PC's, they will be dropped. A reboot will temporarily fix the problem. I have Apples, Epsons, and HP's connected and they get dropped at all points and distances from the router.
This is not an isolated issue. At least 20% of the people posting comments here and at other websites have had the same issue. And several have worked with netgear through phone and email with no resolution.