Pros
I loved working with the content at Expedia. The benefits were also quite good - not necessarily the travel benefits (I thought these were a little hard to come by), but the medical and time off is quite fair. Also, many groups are very open to working from home after you've proven yourself.
Cons
Management is horrible! I moved from division to division and never once had a great manager. It was terribly difficult to move up in the company due to a "lateral move" policy. Also, the performance management system was biased, based on a bell curve concept. Employees' concerns were not addressed properly and there was little respect shown for employees. Salaries were below par and it was hard to make any significant increases in pay within the company.