Pros
- Team has hit all major milestones since November. Testnet now includes cuckoo cycle mining, oracles, and a new smart contracting language. Look at their pivotal tracker (https://www.pivotaltracker.com/n/projects/2124891) to see the road map and how great a job they've done meeting milestones. Their team is full of world-class Erlang developers and they are building a highly scalable, very capable blockchain.
Cons
- CTO drama from one CTO that can't play nice and another that tried to extort the project damaged public perception. The team has also done very limited amounts of public marketing, but apparently they are doing a lot behind the scenes to prepare for main net launch.