Overall good for product managers. But run away from the PM team in Desktop BU.
Pros
Good compensation. Nice place in the current cloud service movement. You will gain good knowledge and make many good connections.
Cons
If you are product manager, you will feel great to work for any team inside VMware except desktop BU. The desktop BU pm team used to be a great team. However since late 2009, all of original founders who built this team decided to leave. The team was then taken over by an engineering director, who unfortunately lacks both product management experience and leadership quality. As part of the change, the BU also moved several engineering managers to this team to replace several experienced product managers. As a result, the team has been run by an arrogant yet highly inexperienced person. He basically can not and are afraid of making any strategic and operational decisions. He trusted people who shared the same qualities and can only follow his order. The morale in this team is extremely low. The team has a very bad reputation within the organization. If you are looking for a job here, my advice is to run as a crazy from this team.