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Pros: I've had it for almost 3 weeks now and no real issues to report. Love the 14" size, its very light, and despite being a 1.9 dual core Pentium, its still pretty fast. For 350 I don't think it gets much better than this.
Cons: The only real problem that I have with it is that its a bit flimsy. Its very thin which is good and bad but you can bend and tilt it with the slightest gesture. That being said I recommend getting a proper laptop backpack if you're going to be traveling. Also, I don't believe you can upgrade the memory to 8GB but I haven't verified that yet. I need to look into it.
Other Thoughts: The pros definitely outweigh the cons. That may honestly be due to the 350 dollar price tag, however for a 14", its a great bargain and it works great so far. Overall, I would recommend buying it.