Pros
Making "measurement tools" and instruments may sound boring, but actually Agilent is a scientifically challenging and fascinating place to work. In my experience, many people (including the CEO) do practice the old "HP Way." They show respect for employees, allow significant independence and flexible schedules (I'm home by 5 every day), and compensation is generous. And unlike many other tech companies, Agilent actually demonstrates corporate citizenship by donating to many charities, sponsoring science education programs, and reducing environmental impact by installing solar and recycling. And all of these benefits (to employees, customers, and communities) are done while making a stable profit. I think Hewlett and Packard would be proud.
Cons
It can be difficult to understand some of what Agilent makes or who the customers are, and it's not that "sexy." Most people have not heard of Agilent.