Pros
The Nike campus and community are second to none. People love working here. Work and home life balance is more achievable here than other companies - family time is encouraged. The employee gym is great - best in class. Love seeing major athletes on campus. Nike does care tremendously about its' people and makes the extra effort to hire back good people they may have previously had to lay off.
Cons
Too much documentation and not enough hands on 'doing' for some positions. Lots of positions are actually portions of jobs with many hand offs - kind of like whisper down the lane. Rarely does one work on something from concept to launch. Everyone is too replaceable. Many feel that way and move on quickly to something else just when they got the hang of their previous position. Weather here is worse than they tell you, so be prepared and bring rain boots.