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Pros: Inexpensive, Not Cheap Looking, Nice Picture (Directv SD), Good Sound. What more could you ask for! Unless you are going to subject this TV to picture and audio tests that 99% of the population doesn't notice anyway.
Cons: I don't have a exaggerated expectation, there are no "cons" the average TV person is gonna notice.
Other Thoughts: Pansonic is a reputable brand. If you are waivering with reviews of other brands compared to this one or if it's a money issue of $50 or less, you will not be disappointed with this TV. It's a really good all around TV.