Pros
Intel was great with work/life balance. In such a big company this probably depends on your department, but in Materials it was excellent. I also liked the fact that there was a true "open door" policy where a person could talk to a manager several levels above them without negative backlash. In my current company if I were to do this my manager would not be happy, but at Intel I was encouraged to set up meetings with my manager's manager. Intel offers 2 months off with pay every 7 years to all FT employees. This is not a benefit you can cash in on very often but it is a fantastic benefit when it comes due!
Cons
I felt like the pay was only average. When I started looking at other jobs I felt like I could do better by going outside Intel than by staying. In the end I left the company and got more than a 20% pay increase.