Pros: Very versatile with excellent quality output.
Cons: Takes a little while to get the hang of going through the menu's.
Plays and records very well. It has the uncanny ability to play PAL DVD's (Europe) on the US NTSC television. This was a complete surprise I didn't discover for 6 months after I bought it. I can now buy german language DVD's. You can find how to set the player to region free on the internet.
I also use it to transfer my mini DV tapes to DVD. The transfer from the video camera directly to the PC doesn't give me the quality I need. Transfering to DVDs from the camera gives me top quality which I then transfer to the PC from the DVD disk.
There is some sensitivity to the media brand. It dosen't like my Staples DVD R disks, but works beautifully on Maxell DVD-R. You should probably look carefully at the brands recommended by the manufacturer.