Pros
Cool flexible place to work with a lot of very smart people. I'm sure a little bit of the old DivX is reminiscent, but it's seemed to have devolved into what is the competition doing, let's do that too. It has a nice open work environment.
Cons
It used to be an open and transparent place wtih lots of enthusiasm, but I think the mgmt now is too concerned with counting their money and playing it safe. They hire really talented people and don't let them shine. The place is ugly with gossip and politics and the "social club" promotions don't put the best people in the best positions. There is also a lack of leadership and decision making on projects. Plus, often work would get farmed out while senkior and competent people are stuck doing low level catch up work on the infamous DivX "fire drills". Almost all of the original visionaries are long gone.