Vantaggi
Flexible hours, company provides for travel and a computer, the occasional after hours events, some wonderful co-workers
Svantaggi
In my experience, there just simply wasn't much interest in using newer technologies that could have benefited development and some people would get overloaded with responsibilities in order to make deadlines. Training sessions for proprietary technologies were informal and not particularly useful, but the technologies I dealt with didn't have a huge learning curve. Business analysts could have used more in depth training and this wasn't really recognized. A lot of people seemed to not be recognized for their efforts with promotions or raises as far as I could tell. There's also not much of a push to keep employees and I saw several employees quit just before me.