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Pros: I set this up as an upstairs wired access point for my Fios system when we had trouble using the Verizon provided Actiontec as a bridge. It works fine. The BIOS is a bit basic but that could be a good thing depending on your situation. This extended the range from my townhouse to the next building over with about 20 routers competing.
Cons: The range could always be better and the bios could use a few extra bells and whistles. As others have indicated, there are very few lights on the device so it may be troublesome to evaluate status from looking externally.