Pros
Work schedules are very flexible. This enables people to adjust their private life easily. For people who can drive their own career growth, there is ample time to do that. Obviously, there is normal amount of politics within the company. So, if you are interested in moving up in management ladder, it may need some special skills to do that. If your ambitions are to become superior technically, then the company provides this opportunity through challenging project work and a successful training program. Dallas region is also very nice (except the weather) and affordable. If you are married with children, then location is perfect to settle.
Cons
The company should do more to encourage innovation. They also need to understand that they need to do more to keep their best talent because innovation can only come from these people. I think TI is paying way too much attention to keep their managers attached to the company as compared to keeping their critical technically talented people. I have seen many cases of bright and hard working people leave because TI waited until their resignation to offer better pay. The upper management seems to think that the number of people (not the quality of the people) seems to matter when it comes to doing the job.