I've had this camera for about 12 hours, so although I'm still getting used to it, I've had plenty of time to play with it and look at most of its features. Overall, it's a nice camera for the price. However, it's not for everyone, and like my title says, it definitely has its share of pros and cons.
* Excellent image quality
* Great microphone quality
* Software works great with it + nice features
* I find the LED light/position a lot more attractive than most other webcams.
x It is not truly "widescreen". The lens is unfortunately more "fisheye" than wide angle. Although you can indeed make the ratio 16:9, your camera will not cover a wide span. Basically expect no other coverage other than your head and behind.
x The cord is quite short (5 ft). This of course depends on the person's circumstance. My tower is quite far from my monitor, and it just barely reaches the USB port. Would it have hurt to make the cord at least 7'? Of course, some people have laptops or monitors with USB ports; so once again, it depends on your circumstances.
x It's a bit bulky. Expect it to stick out about an inch or two infront of your monitor. Not exactly "attractive", but not hideous either.
x I had an AWFUL hard time getting this thing out of it's box. Jeez Logitech, you have this thing packaged like it's Fort Knox. Simply be careful not to break it when trying to get it out.
So although I'm not completely satisfied, I do find the pros exceptional for keeping. With those cons being said, I fully appraise Logitech and recommend no other brand better for a webcam. However, please know that you DO get what you pay for.