Pros
Youthful campus, intelligent coworkers and staff, access to resources and libraries, variety of campus events and activities. Down to earth and friendly people. Good work/life balance, as long as you put in your hours they don't hassle you.
Cons
Intense bureaucracy, your personal and career satisfaction *really* depends what department you are in. Manager and/or department head can make or break your experience. They care more about seniority than actual skill or hard work. Low pay compared to industry. They love to hold on to old technology and refuse to embrace new technologies unless it is something a department head or influential board member wants. Very hard to change anything, the inane levels of rules, regulations, and management prevents any respectable web/app software cycle or testing. Depending on your department, you may have no potential of advancement at all.