Pros
When you tell people you work at Logitech, they know where you work, and respect the products. Being a small division of Logitech, everyone gets some exposure to what will likely become award winning products when these products are still in the earliest design stages. Being a company that creates consumer computer peripherals and other electronics, you see your work reviewed publicly by the media, through customer reviews on sites like Amazon and in various forums. A resume that shows a reasonable amount of time at Logitech is likely to anyone's career -- It has definitely helped mine post Logitech.
Cons
The politics and lack of empowerment. The Mississauga office is an incredibly political environment, in the negative sense of the word. Very little seems to get done through the well publicized processes, but rather anything accomplished is done through political machinations, and verbally sabotaging other projects with senior management to get resources for your own project. It is a very stressful environment, where immediate turn around is expected on complex work, and "No" or "let me think about it" are not acceptable answers. Work life balance is not a consideration -- work is expected to come first, at all times of the day, and you are expected to feel privileged for being given the opportunity to work at Logitech. Project management in the development area is almost non-existant, and is focused more on presenting what senior management wants to hear rather than managing projects and risks, and presenting the facts to management. A few years ago this division was very development centric, and a stronger product management role was needed. New senior management was brought in and they addressed this issue by giving product management complete say over everything, but did not hire, nor train product managers to assume this role. While this is a difficult situation for other functions, I feel most sorry for product managers who are now required to make every decision. Overall this is a very stressful place to work, and it takes a special person who knows how to work a corrupt system and who has a thick skin in the face of political attacks to succeed here.