Pros
- Work with top talent. - Work on high-scale, fascinating work. - Good company mobility. Changing teams every year or two is encouraged, giving the opportunity for a lot of diversity of experience if desired.
Cons
Depending on your team and your project, the work-life balance for software developers and software development managers can be very poor (frequent on-call rotations, 50+ hours per week norm, unreasonably demanding management). This varies greatly from team to team. Some teams are excellent at providing a good balance, and others are meat-grinders. It depends so much on your management chain. Can your manager negotiate appropriate boundaries such that other teams do not take advantage of you? Is your manager obsessed with arbitrary delivery dates, and will he or she pressure the team at all costs to meat them? Does your manager know how to put together detailed multi-quarter delivery plans? If the answers are "yes", "no", and "yes", then you should be alright.