Pros: As everyone says, it is small and handy. Looks cool. If you use a stand and take pic in low light, you will get good picture.
Cons: 1. Slightest shaking of your hands while taking pic in low light will blurr the picture. 2. Try out higher ISO and less exposure etc. Still does not perform well. 3. With flash, it is horrible due to the position of the flash in relation to the lens.