Pros:Great performance and my son likes to use it!
Cons:None yet (3 months).
I received this as a gift after I replaced my carpeted floors with laminate flooring and needed something that wouldn't beat my floors to death. I am loving it! So far, I can vacuum my living room, dining room, kitchen, and two hallways without running the battery down. I bought an additional battery, so if I need to use it beyond the approximately 20 minute battery life, I can switch batteries.
The performance on my floors is excellent. This vacuum picks up dog and cat hair and dust bunnies like the big boys. I own a heavy duty Dyson and the Hoover cordless by far outweighs the Dyson in convenience, ease of use, and quietness.
I highly recommend this for vacuuming smaller homes, especially for non-carpeted flooring. Another major selling point is that it fits in my closet for easy storage.