Pros: Wide lens. Touchscreen easy to use. Viewfinder nice to have. Image stabilization top notch. Compact size and weight.
Cons: Lens cover mechanism. Image quality when played back on HDTV not as great as expected. Windcutter helped with wind noise reduction. Occasional infamous blue dot problem. Photos- eh. PMB software limitations. Could use lens hood accessory.
Summary: For the money this camera is amazing. I work in television and have used this camera for a second or third camera many times now and it is great! In the hands of a producer or someone who doesn't know much about shooting they can give me some creative shots or funky angles and it cuts with the Sony EX-1 really well.