Before I start, I wanted to say that I frequented the site on and off for years. I've seen the several changes that went on with the userbase and the site as a whole. It's only getting worse. The only pros I can point out are...
-You can meet some pretty decent people on the site.
-Chat groups can be occasionally enjoyable.
-Sometimes you could have a good roleplay going with someone.
The pros are unfortunately very few. That being said, a lot of the roleplays can be sexually explicit, and the roleplayers can be pretty anti-chat.
Cons:
-Trolls and generally unpleasant people lurk on the site. You'll often find that a lot of people will ignore you or will be outright rude.
-Pedophiles lurk on the site. There are a lot of minors on the site too, so this is a very big cause for concern.
-The staff on the site don't take any action towards the aforementioned types of users above. Even if you report that person more than once over time.
-Unsolicited messages coming from others who are looking to "cyber" (internet lingo for internet sex) along with other things like chat invites.
-You may also come across the occasional person who reacts with hostility after you reject their advances.
I could go on. But, then this review would go on for far too long. This might not happen to everyone's experience on the site, but if you're on the fence of potentially joining the site... I urge you not to. It's not worth the risk or the time.