Pros: great size, easy to use
Cons: Nothing. I loved this and used it for two babies.
I thought this was a life saver. I bought an expensive crib, organic matress, etc for my first born. I used it once for 15 min. I never thought I would be a co-sleeper, but now I have with both kids and this made it really easy for the first few months. They outgrow it quickly, but it is great peace of mind for those first few months.