Pros
Good place to start, having name on resume opens a lot of doors. Don't stay more than 4 years. Management really pretty good about giving you time off for family/personal issues. First-line managers really seem to appreciate empoyees, very limited in their abilty to do much for their employees.
Cons
Way too stifling, way too much NIH (Not Invented here), too proud to realize that other companies passing them by, too bureucratic to change what's necessary to turn the boat. Unless you were there through the heydays, compensation totally inadequate and doesn't even come close to keeping up with competition. (That doesn't change much with organizational advancement, either.) Make sure you get a good salary on the way in, it won't change much, regardless of your oerformance.