Pros: Small, durable, easy to use, many different uses
Cons: batteries wear out quickly, grip is good, but not great.
If you like small, handheld tools that will be able to handle tens of thousands of little jobs, the wizard is just for you. You can get it in the model that is plugged into the wall, or in the Black and Decker Versa-Pak form. (small rechargable batteries) I've got the Versa-Pak model, and I can always find a use for it.
Standard with the Wizard comes a battery recharging unit (if you buy it Versa-Pak), and 5 "bits". One is a "cutting disc" device that can be used to cut nails that protrude from your woodwork, and other small cutting jobs, theres two different sanding bits, a detail bit (a small, thin diamond tipped bit that can do detail carving, like say writing your name or intricate designing), and rough metal bit that can be used to strip rust, and some kinds of paint. Also included are 36 replacement sanding heads, and 20 replacement cutting discs. It doesnt stop there. You can buy other sets for a very low price, and add many different bits to your wizard.
Its all easy, and safe to use, with two speed settings (8,000 and 24,000 RPM) and a durable plastic carrying case. If your ever looking for a small, versatile tool to do small jobs around the house, this ones for you.
I'm Mike, and thats my two cents.