Pros:
1. It looks nice
2. It costs $100, which is less than the other ipod docks out there, and you can consolidate that with an alarm clock
3. It charges the ipod

Cons:
1. It sounds awful. Simply awful, on par with any other alarm clock radio. The $30 Altec lansing speakers I bought for my desktop computer blow it away. I think playing the ipod using an itrip in my old clock radio sounded better.
2. It's awkward to use the ipod in the dock. Contrary to some reviews on the net, you can fully use the ipod controls while its in the dock -- you just have to figure out how to manuever them.
3. The LCD clock screen has an awful viewing angle. If you look right at it, its great. From the sides, above, or below, the numbers disappear into a blue glow.
4. The usability department must have been staffed by chimps -- to set the alarm time, you need to use a scrollwheel to go through all the hours and minutes at once. There is no "AM" icon, just a "PM" one that tends to not reappear if you scroll too much.
5. Since changing the volume on the radio for sleep mode affects the alarm volume, they added a sleep volume button -- which is the smaller than a pencil eraser and on the back of the unit next to a bunch of 'seldom used' buttons
6. I read online that there are reports of a power supply issue and fires. I don't know the truth to that, and honestly, the power supply seems fine. There's a circuit board under the top of the unit near the right speaker though that started to overheat the minute I plugged it in, and filled the room with that faint burning electronics smell.
7. The alarm itself is weak, like a gentle 'beep' not a waking 'buzz'
8. The 'gentle sleep' mode doesn't really lower the music off into silence. It just kinda lowers it to a certain point that is still loud, then abruptly cuts it off.
9. There are probably a dozen other things wrong with it.

Don't buy this.
For the same price, you can get the JBL speakers that actually sound good and a $10 alarm clock that works better.