Pro's:
Nice color LCD
Battery life is good
Easy to program
Customization of screens
Ability to enter discrete codes

Con's:
EPG takes to long to download
MMC doesnt work correctly
No plug-ins for browser
Lack of settings for things like screen size for browser, default settings for programming buttons, etc.
Customizing screens requires you be somewhat technical, and graphically inclined.
Lack of support for discrete coding from Philips

I'm sure I could think of more, but I'm tired and its late...