Pros
We're acquiring some of the best-in-breed software and are serious about tying them together to form best-in-class industry solutions. It's the Cisco model applied to software, and thanks to SOA, it's working. For people who have been acquired, the pace can seem slower, but if you can correctly leverage the huge sales force and pipeline, there is a huge customer base that you can sell to.
Kontras
Larry's hatred of Microsoft means we have to avoid their stuff wherever possible. We don't use Exchange servers, and our email system is clumsy and painful. We seem to rewrite even basic applications for internal use - why are we using "Oracle Chat" when there are at least ten good alternatives already out there? Comp is on the low side, but they do give out options.