Pros
There is a sort of visionary leadership that strives towards an ideal of work smart to be the best. This means Propellerhead changes fast, tries new things, is a reasonably transparent company with time, space and trust to do your job (as long as you're not wrecking the joint). It's a nice space to work, with latest Macs, up-to-date systems, the best coffee in Auckland, and you get a little free time to learn/share knowledge. I've never been bored here.
Cons
Sometimes new ideas or ways of working are introduced or removed without proper implementation or notification, and you have to figure out what's going on. You can't be too precious about anything as it might change (usually for the better). Also, there aren't enough people as it's hard to find talent as New Zealand too small for a company of this quality and ambition.