Pros
Big Company - lots of room to move arround if you'd like (although it often helps to know the right people). The program also gives you lots of cross-training and access to company leadership. CAUTION: Beware of these LDA reviews - the company required us to review the program on here....!
Cons
Program pretty much forces you to relocate anywhere in the US - with no promise of a full-time job after the program is over. You get a small relocation stipend and a fairly low pay to start. They also don't fully tell you what you'll be expected to do as part of the program. This results in a pretty high turnover rate. I literally spent 3 days a week for almost a year crawling on a grocery store floors to rotate products. I'd be more likely to recommend the company overall then the LDA program. It was a rough year for me to get through, and although I got a job in the end, I'm not sure I'd go through the process again.