Pros: Super easy to upload videos and publish to websites. Customizing the video player is also easy with multiple video player types and playlists. What I find the coolest, is the ability to create your own video channel without embedding video players. On top of that there is a great module for publishing and managing social videos to YouTube, Facebook and Twitter.
Cons: Video search within the platform is weak, support team is not as responsive as they should be given support is an add-on service.