Pros
Wiley is has excellent benefits and considers itself "The Place to Be" It has a 8:30-4:30 work day, company sponsored cafeteria, company bus that takes you to and from Manhattan, 401K and traditional pension, very nice holiday parties, mother's room for lactating mothers and an all around congenial work environment.
Cons
There is really a lack of career development. There are basically 3 tracks: Editorial, Marketing and Production. If you do not start out in sales there is very little chance that you can advance in Editorial or Marketing. Unfortunately, you can not get any entry sales rep position unless you are < 3 years out of college. What that means is if you don't make publishing your career choice out of college forget about it for a career with growth.