Not only was this tile inexpensive, it actually looks really good once mounted.  My friends (who admittedly are not construction engineers but have a reasonably high standard for home improvement) thought it was a genuine tile job. It was incredibly simple to apply, and the edges affixed tightly--I can't even tell where the seams are.  Fortunately the color palette was perfect for my space, but it won't work for everyone. 

Pros: Value (bought at sale price), appearance, ease of application, fast shipping, well packaged, color true to image on site
Cons: Not enough color options