Pros
Mostly solid technology, opportunity to make money, focus on employee well being. There are still some really smart people here.
Cons
VMware continues to lose valuable talent at every level, from CEO down to individual contributors. This is a place that no longer attracts the industry's best and brightest minds. Open positions are now backfilled with 3rd stringers from hardware backgrounds (HP/IBM/insert random irrelevant technology company here). The result are leaders and teams of people who have limited software experience and do not understand the technology landscape or platforms VMware provides. In the end we get dysfunctional cross-sectional teams who are largely mismanaged, unhappy, don't attain quota, and feel unfulfilled. Those who have been here long enough are now being treated as outsiders. It's bizarre-o-world to say the least.