Pros: Easy setup, flawless performance, simple maintenance
Cons: No local gigabit routing?
I've tried numerous routers in my time and this particular Linksys is the best home router I've ever used. I used to be a huge fan of NetGear but their wireless products were always a hassle, so I switched to this Linksys router and haven't turned back. I've bought it numerous times (different locations) and still would highly recommend it to everyone. The wireless performance is fantastic with my mixed network (PowerBook upstairs never skips a beat) and the local network seamlessly blends.
How could they make this product better? I'd recommend adding some on-board DNS server, so the router itself can act as a DNS machine to the whole subnet (right now, only windows machines recognize each other by hostname--my UNIX/Mac machines need to use IP addresses). Also, throw in gigabit networking and you've got an even better unit.
But honestly if you're just looking for a solid home router, this is the one to get, bar none. Never had any problems and love its performance.