First things first, this is a nice guitar. It's not a top-of-the-line Martin, but it's nice. It's my first acoustic in 20 years and I didn't want to break the bank. So this fits the bill nicely.
Pros:
It's a super light guitar, surprisingly light.
The sound is good. Not a huge full-bodied sound, but good.
It looks great.
The fact that you can plug it into an amp is nice.
Cons:
None really, other than the action. It's really high. I'll have to take out the saddle and sand it down. I've never done this on an acoustic.
For the price, it's a nice guitar that gets the job done!