Pros
The people are great (except upper management who are totally clueless). Most work gets done via underground social networks since process is so terrible (and this is a pro). The hours are flexible and remote working is encouraged (could be pro or con). They ARE timidly dipping there toes into new development strategies, but the old guard is holding them back. Some progress is being made in pockets however.
Cons
Management is really about 20 years behind the curve. If you like being directed (straight-jacketed) by process, as some people actually do, then this is a good fit. Most people have never heard of Agile, or if they have it was through a linkedIn article they skimmed in a moment of boredom. They tend to purse their lips as if it is a painful word to pronounce. (keep in mind "agile" is nearly 20 years old)