PROS: 
Very easy set up, no tools required, took me about 15 minutes to assemble. My whole family loves it even our dog. Very comfortable and spacious. 
 
CONS:
I didn't like the hammock cloth at first. Visually, it didn't look high quality in person (though it photographs really well). Also, the directions are not very clear (but easy to figure out through trial and error)--- which explains the 1 star reviews complaining it's too low