Pros
Great compensation and benefits. Very supportive of the community and promotes employee involvement in community projects. Mostly good work/life balance. Talented people. Good working environment and very accommodating if there are demands on the home-front (like sick baby-sitters, kids on delayed start for school, etc). Nice logo!
Cons
Seemingly endless reorganizations. Incoming leaders have no vested interest in ongoing initiatives (unless they're ready for release). Incoming leaders start new initiatives then leave ("spend more time with family") or transition ("become agents of change in other critical areas of the company"). Now see the comment above. A lot of hubris in Mountain View and San Diego (be there or be prepared for a career transition). Believes that there's a secret formula for innovation but can't quite figure it out. Has a surfeit of Architects whose purpose is unclear and who are mostly unproductive. Struggling to catch up in the on-line world and believes it can get there by acquiring companies that have on-line offerings. Not too concerned about the underlying technology just the appearance. Still suffers from a lack of brand. "What's Intuit?" How much did that new logo cost?