Pros
1. My wife loves how it looks. The light coming through the slits is pretty. 
2. The 3 fan speeds and 3 light colors are nice. 
3. The cage around the fan offers protection for the kids (their fingers can't reach the blades). 

Cons
1. It was difficult to hook up the wires, while holding the fan against the ceiling. It took 2 of us. I've hung ceiling fans that were easy to hang by yourself.
2. The materials seem cheap for the price.
3. Doesn't blow nearly as much air as a normal ceiling fan, and is just as noisy. 
4. Does anyone know how to turn off the annoying BEEP every time you turn it on, or press a button on the remote?
5. Instructions weren't great
6. The remote requires an pricey specialty battery (a23), not included. Picked it up from the grocery store. 

Note: the picture shows an orange circle on the bottom of the fan, but this circle is actually silver-mirrored plastic.