Pros
The product area is very interesting. There is a lot of very sophisticated and complex technology in use. Avid does not scrimp on developer tools. Your co-workers will be extremely smart and for the most part personable. Line management is very good and tend to be good people. The people there (staff and lower management) are some of the best around anywhere. Turnover has been very low, the company is full of veterans. You can learn a lot.
Cons
Unfortunately the company is moving heavily into overseas outsourcing, they have deals with pretty much any country which is doing outsourcing. There is little to no job security after two rounds of quarterly layoffs with more layoffs expected next quarter. The cubicles are noisy, dirty and dingy, office furniture is broken down, old and stained. Frankly disgusting actually.