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Pros: It's worked for more than a year with no direct issues, and at a great price to boot. Modular design and long cables are another plus.
Cons: Four days after receiving this PSU I noticed a buzzing noise. I ignored it at first but it grew over the months. It stopped getting louder around four months in, and it now sometimes stops buzzing for days at a time. For me this isn't a problem, and I haven't noticed any hints of failure; it's just an annoying sound. Some may find the buzz to be a downright nuisance if it happens to their's, but I've never seen the need to RMA for the sound.
Other Thoughts: Don't let the reports of buzzing scare you, it's a quiet Power Supply. I have a friend with the same PSU, and he doesn't have a buzz at all.