Pros
If you are a sports junkie, you will love it. And the management at the top does message to do the "right thing". Beautiful campus and there is a prestige in working there. Overall, people are very nice.
Cons
Once you get in the door at Nike, it is about who you know, not what you know. There are huge pockets of mediocrity, which is due to the practice of hiring through networking vs. actual skill set. Also, with the practice of many people moving to a new job every 18 months to two years, many problems are not ever solved or are solved poorly, since people aren't in positions long enough to resolve and/or live with the results of their decisions. Also, due to the group consensus mentality, decisions can take a long time to make because people are not willing to take a risk