Other then the normal MMO launch issues with servers not handling capacity the game is all around awesome IMO.

Some pros for those that care:
Basebuilding is pretty awesome on the launch
Vehicles are there if your willing to work for them and rock
Fighting is very good haven't had desync when fighting either
Crafting system is pretty awesome
Zombies are great

Cons of game at the moment and will likely change very soon:
Bugged Airdrops thats making people cry P2W simply cause of a combo of like 3-4 bugs in conjunction
Servers are having strange lag/framerate issues
Obviosly a bunch of other random small bugs that come with a new game release
Bulllets for guns is very dificult to find so don't expect to grab a gun and find ammo within a couple minutes

So those are my current pros and cons and I will continue to update this as I can in the hopes of seeing some of the bugs in the cons removed and more pros added as time goes on!