I ordered this home theater system because I was looking for the following:
* A decent set of 5.1 surround-sound speakers to go with my new flat-panel HDTV, since in my experience, flat-panel TVs have less-than-stellar built-in speakers, due to their size
* A DVD player, since the one I had was old and crappy
* A setup that wouldn't break the bank
* A system that wasn't "smart" (i.e. internet-capable with apps for viewing online content), since the TV I ordered has that already
This system met all those requirements, and I'm pretty happy with it.
Pros:
* Setup was easy, to the point where you don't really even need the instructions, since it's so intuitive
* The sound output is great, considering the price point this unit is being sold at. Yes, it's not a super-duper high-quality sound system that will blow away an audiophile, but for under $200 (I paid $179 for it, though I've seen the price fluctuate +/- $20 over time) it's a great system.
* The USB port in the front of the system is really convenient - it allows me to listen to music from my iPhone on the stereo, and it also charges the iPhone when it's plugged in. The remote control also works for the iPhone (play, pause, next, etc.), which is handy.
* The HDMI sync worked flawlessly, so the system turns on automatically when I turn on the TV (and not a Sony BRAVIA TV, for the record - it's an LG HDTV).
* The calibration mic included with the system makes it really easy to automatically calibrate the output of each of the speakers. Manually adjusting each individually after the fact if the auto calibration doesn't suit your needs is pretty easy, too. I live in a second-story apartment and bumped down the setting on the subwoofer to avoid irate downstairs neighbors. Doing so was a cinch.
Cons:
* From the info found online and in the instruction booklet, I was led to believe that this system could receive audio input via HDMI (e.g. a single HDMI cable connecting the DVD player via an ARC HDMI port on the TV would provide DVD video and audio input to the TV, and return audio to the sound system from the TV when watching from some other source, like a cable box or broadcast television). This is not true. I realized after closely scrutinizing the documentation that it never explicitly says this, but it does make it look like this would be possible from the diagrams.
To send audio back to the stereo system, you MUST connect the TV to the DVD player with a digital optical audio TOSLINK cable (for a digital audio connection) or coaxial (for an analog audio connection). Since my TV only supports a digital audio output, I had to use the TOSLINK cable.
* The rear speakers are not wireless. I didn't expect them to be (especially not at the price this unit sells for), and it's not a big deal for me, since I have all my speakers set up in the front of the room, but it might be considered a negative for some people.
* The rear speaker wires are not very long. Again, not a big deal for me, since they're all up front anyway, but if I HAD wanted to put them in the back of the room, I might have had some difficulty. The speakers use a proprietary wire connection, so splicing them to make them longer would have been a little tricky (though I have read reports of people managing it).
* Adjusting the output settings on the individual speakers is easy (as stated in the pros section above), but it does require going into the settings menu, which can only be accessed when the system is NOT playing a DVD. So no adjusting anything but the main volume when you're in the middle of a movie. If you realize that a particular movie is really bass-heavy and you want to adjust the output of the sub, you have to stop the DVD, go into the system settings menu, tweak it, and then restart your DVD. I haven't encountered a time when I've needed to do this, but I can imagine it might irk some people if they had to go through that rigmarole.
None of the "cons" I've listed were deal-breakers for me, since most of them don't apply to my particular setup. But they are worth noting, since they may be deal-breakers for someone else.
Overall, I've been very happy with this system: it's suited my needs perfectly, and the price was excellent.