Pros
Decent compensation, bonus paid regularly if decent market. If you end up with supportive management (and there are some), means good opportunity for RSU's, extra compensation. company position as one of few captive suppliers of Flash memory could offer good long term prospects..
Cons
Hard silos, hierarchical management. As political as I've ever seen, even within groups. Getting on the wrong side of some senior manager by doing things like disagreeing with the party line can result in severe career consequences, which can be unrecoverable. Information and good opportunities, including what is needed to progress in your career, are tightly managed to create a class system of haves and have-nots. Information transfer between groups (Enterprise products, memory team, consumer products) is virtually non-existent at the engineer level, controlled tightly by management, and funneled through a favored few engineers. In some 'teams' communication is non-existent (one group communication within organization in nearly two years?).