Pros
Rochester is a convenient, reasonably priced place to live. The work is technically challenging and about as high tech as it gets. The people are top-notch.
Cons
Upper management completely out of touch with the customer base and the "business" they are in. They are completely incompetent and out for their next performance appraisal and promotion. There is no future vision other than the next quarter. Fear of layoffs is pervasive and the place has a death-watch feel to it. There is absolutely no loyalty to the employees while they continually espouse wanting to grow employee loyalty to the company - it's a one way street. There is no concern for or money spent on employee development, professional association involvement, IR&D, facilities upgrades and pay raises are miserly - the list is endless. Benefits continue to erode year after year. In 1-3 years it will dry up and blow away.