I just bought mine on the 19th. $495 + Tax. Came with night sights, 3 mags, cleaning stuff, Sig oil, case, etc...I took it to the range the next morning. I ran 200 rounds through with no stoppages or hiccups. It is a mild(er) recoiling 9mm, and fits very well in my hand.
The pros would have to be price and quality. I think this is a VERY good gun for the price. The only con after 200 rounds is the takedown. Its easy once you figure out to look in the hole, line up the lug, slide the lever/pin in, and then pull the slide back until the notch lines up, then push it in the rest of the way.