Pros
Having PlayStation on your resume is cool, telling your friends about it is cool, and the free swag is cool.
Cons
Don't expect to be valued as an actual part of your team. I was often left with no projects and when I asked for more, my peers and manager would tell me they were busy and I couldn't help them. There was a lot of politics even from an intern level. Although the dress code is laid back, the culture in general is not. I saw many team members staying late to meet deadlines and could feel the stress in the air. Sony will tear you apart and does not value their employees. It also sucks because they offer a lot of contract roles and you never know what your status may be with that. Very little information was offered to me in my performance review and I was never told how I could improve or what could have gone better.