Pros
The people are skilled at their trades and are rewarded for doing well. Employee happiness is regarded as an asset to the company, which gives the office a pleasant and productive atmosphere. The sounds floating around the office are symbiotic mixtures of high stakes decision-making, side-splitting laughter, and the orchestral melodies of Final Fantasy.
Cons
Short-term initiatives almost always trump the improvement of the overall system infrastructure, from an engineering and operational standpoint. This causes a lot of recklessly duct taping new ideas to the brand, and hacking new functionality to old code. IGN could be, and deserves to be, cleaner and classier than it currently is. This is known within the company, but progress in that direction is slow.