Pros :

• It has a minimalist design and some enterprise features
• It is a one secure wallet for those who have low budgets
• You can easily store safely your bitcoins offline
• It does provide multi-signature transactions to make sure that you have a secured Bitcoin wallet
• If can easily be backup and restore just in case you lose it
• The microchip itself is locked with a PIN code and each transactions are verified by anti-malware second factor
• It does ensure that your privacy is well protected

Cons :

• A great product for those who want protection and security on their bitcoins. I don't see any cons on this.