Vantaggi
There's cool tech there, which is a legacy from the former company management.
Svantaggi
If you're an hourly employee, you'll probably be fine. If you're a knowledge worker you won't be happy here. The six sigma implementation here is ill advised and overbearing. If you interview and there aren't any other tech professionals on the interview panel, ask why and keep prying. If they would pull back on the six sigma obsession and start to follow Silicon Valley standards for engineering work environments (come and go at will, no detailed time/task tracking, allow work from home, results over process paperwork), they could mitigate the pain and might be able to start designing new products again. If not then it's survival of the fittest, which in tech industry means being the most innovative.