Pros: Slick, not too much friction with mouse
Cons: Smells of chemicals out of the box
The pad's dimensions are 13.75" by 10" which is just fine for me as I have limited space on my keyboard tray and I play with a relatively high sensitivity. Monoprice also offers an XL version which is 17.5" by 13.75 for you low-sens pad sweepers.
The design is simple, just a black mousepad with a small "monoprice" emblem, which is part of the material so it won't get in the way. Some might think this a con but I don't. I like the simple design; its a welcome change from the raindrop xl and alioth.
Quick pic -
I use both my Azurues Mini and CM Xornet on the pad and they work great.
Overall I think this mouse pad is a great value. If you're looking for a black pad, then I guess this could be a cheaper alternative to the Steelseries Qck line. Monoprice sometimes puts these accessories on sale too, so it brings the potential value up.
Edit 2/22/2013 - After some time using the CM Xornet with this pad I have to say I don't really like it. I love it with the Azurues Mini though, but with the Xornet, I don't really know how to describe it, it just feels too sensitive to movement. I prefer the heavier Alioth 320 with the Xornet.