Great place to start...
Pros
Opportunity to work on and learn a lot of great things about software development Work on the latest greatest ALM tools from Microsoft. Very smart people to work with and most people are great to work with. Free Soda, Candy and Coffee Benefits
Cons
Work life balance Very hard to move around or to grow your career at this site. You work and live by Redmond time even though you are in the east coast. Your experience, opportunity, and performance review greatly depends on the team you are on and your manger. I've had some good managers and bad managers. YMMV. Very competitive here, due to the size it's very hard to get promoted. I've seen a lot of pointing fingers. The first couple years are great and you can learn a lot here, but due to the lack of opportunity and the cut-throat culture it's very hard to stay for a very long time...