Pros
Honda is an amazing company to work for. You can learn a lot from the expertise of those above you, and there is much to learn that you can either use at Honda or at another company to bring real value to their organization. The people are generally very supportive and see each other as "teammates" instead of opponents. This is why such quality product comes from this R&D center.
Cons
The pay is pretty marginal (even though they claim that it is competitive). Growth can seem slow if you don't embody exactly what your superiors want, but they don't make what they want very clear necessarily. Work can sometimes be very overwhelming, and if it weren't for the paid overtime, the high expectations that are put on the associates could never be met.