Pros
Good salary & benefits, intelligent co-workers who are passionate about the products they work on, and being associated with some of the best products in the business. I know that sounds like I've drunk the kool-aid, but I truly believe our products kick ass and that the roadmap we've got is a solid one. The SF office had a convenient location, a decent cafeteria, and is very commuter-friendly, with shuttle buses running from both CalTrain and BART stations. Plus, it's a nice ego boost to work for a company that everyone, even folks outside the tech business, has heard of.
Cons
The usual problem of a large corporation -- it takes a long time and a LOT of meetings to get things to happen. And with employees spread out all over the place, you spend far too much of your time doing email and phone conferences rather than talking face-to-face. Also, some deadwood; Adobe does not like to fire people so bad hires tend to get shuffled around rather than simply axed. The SF office, although nicely furnished, is a cube farm and the noise and lack of privacy can be distracting. On the other hand, the SJ office, where everyone has an office, is like a tomb.