Pros
Flexible work hours - folks are allowed to work from home on Mondays and Fridays which helps on the cost of commuting into the office. Everyone is equipped with the latest laptop and docking station which gives lets you move around. THe office has wifi connectivity as well. The benefits are really good and the company offers some good perks as well such as discounts to local entertainment venues.
Cons
With all of the flexibility in working from home there is an extreme lack of teamwork here. Its obvious that not a lot can get accomplished in the 3 days of folks being in the office. Projects seem to take a very long time to complete. Folks don't seem to have the same sense of urgency. Its a lot like working for the government in that it is very slow and bureaucratic.