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Pros: It's a power supply that does it's job. Nothing spectacular.
Cons: As numerous others have commented the OCZ rebate system is a real pain to deal with. Do not buy this PS if the rebate is a selling point. You won't get it. Buy some other brand. I've done and documented everything to the letter and they essentially told me to get lost. It's not their problem. It's the "professional" rebate company or it's Citibank's fault.
Other Thoughts: I refuse to ever buy another OCZ product. Customers are nothing but dirt to them.
Pros: Works as advertised. The red lights are ok if they add something to your system.
Cons: Fan noise is somewhat louder than the average power supply but tolerable. If you have an E_______x to compare it against you know what a truly silent PS is like.
Other Thoughts: Don't buy this based on the rebate. Customer service is low priority. I got email CONFIRMATION back from OCZ in early November that the rebate was "a go". And here it is months later and still nothing.....I'm putting OCZ at the BOTTOM of my list next time I go shopping.