Pros
you get a lot of autonomy to execute your work, which is a mixed blessing perhaps because you also don't get a lot of attention either if you are unsure how to approach what you are doing so you really need to scream for help in that case; opportunity to switch work to another business area (e.g. Professional Services to Software Products); relatively low stress environment
Kontras
location, location, location; processes taken for granted in larger organizations, particularly timely reviews and feedback, are a struggle; projects are too small so projects managers end up managing lots (5-10), rather than one to three large projects; lack of integration and focus between business areas where one eats into the other's revenue rather than providing opportunities for synergy