Pros: This budget CPU feels just as fast as my i5-3570K (until you do something intense like video conversion). The system this went into feels much faster than the recent quad core APU I built (A8-6600K) - I'm sticking with Intel from now on, they just work better and have better support and drivers.
Cons: The integrated graphics is noticably less powerful than the recent APUs, so if you have no budget for a discrete video card, this might not be the optimal solution. Add an $80 to $100 video card (or better) and the Intel solution is much faster for gaming, no CPU bottleneck.
Summary: Bought for an HTPC - might be overkill but it's definitely worth the money and I can always swap it for a cheaper one down the road. It's definitely a very fast CPU for the price though, and extremely efficient - it's too bad NCIX doesn't carry the 'U' version which would be even better in that aspect. Overall, very satisfied with this CPU.