Pros
Some good people still there, but many leaving either voluntarily or involuntarily. Technology is still very relevant and needed for much of the market, helping many companies be successful. Some new technologies have promise.
Cons
Where to begin... I think the most critical is lack of good leadership - they are both challenged at a technical and business level. Core to this is the fact that the leadership has no real direct experience with FPGAs and don't truly understand the FPGA technology at a fundamental level (they understand semiconductor manufacture and some have tools background, but none really have the proper depth to understand the FPGA value proposition). Effectively there is no founder level knowledge left within the organization. The people that understand and helped build the company into what it is are looked upon as failures by the current management and they are trying to distance themselves from that mindset as fast as possible. Additionally the mindset of valuing employees is totally gone. Employees are seen as financial numbers and there is no thought given to the intrinsic value of people. Its utterly amazing, they are throwing away the thing that makes them successful. Furthering this is there is no clear strategic growth plan. They are basically selling out in the midst of a time to truly emphasize growth strategy that will work. Its sad to watch. I'm sure at least 2 of the founders are rolling over in their graves.