Pros: It's hard to explain how much better it is to have no cords or sensors to worry about. Even something simple like sitting on the couch to watch Netflix, wasn't possible before when I was tethered to a PC. The easy of use makes me use it a lot more often. I just pick it up and used it anytime! No need to worry if sensors are in place and connected, if the computer is on and updated, if other softwares are running in the background, drivers, etc... Lens are sharp and clear and better than the Vive and original Rift, resolution is great, tracking is solid. Overall experience is very good.
Cons: Games catalogue is nice and should grow a lot with time, but there will always be games that are only for PC based headsets... Battery doesn't last too long (2-3 hours) but it charges fast and you can still play while charging as it comes with a pretty long cord. Tracking is great overall, but it comes from the headset only, so if you hide your controllers behind your head or back, or too close to your face/headset, they will loose tracking. I don't think this is a big issue tho, as most of the times your hands don't need to be behind you.
Overall I'm very impressed and very happy with my purchase. I recommend this to anyone, newcomer or already experienced with VR. I'm sure you'll love it!