Cons
The single coil pickup doesn't have the same oomph as a split Precision Pickup
The pickup is not humbucking, athough this shouldn't be a problem as long a the shielding is OK
The slab body can dig into you if you have a bit of a gut
The neck is a bit like a baseball bat (not necessarily a bad thing as some players prefer a chunky neck)
Pros
It looks great - This is obviously very important as it will inspire you to play it more if its difficult to walk past it without picking it up.
Its best to try one if you can, if you can live with the chunky neck and slab body and you like the sound & playability, then its the right bass for you.