Pros: Looks great. Runs cool. Easy mounting system. Easy fan attachment. Smaller size than NH-D14, Silver Arrow, etc.
Cons: Cost. Can rotate slightly. Pressure can be set too high. Sharp fins. Fan clips only for open corner fans; shroud needed for closed. Not really black.
This version comes with no fans. You'll have to buy your own 120mm fans, or 140mm if you don't mind them overhanging the edges a bit (it comes with clips for both). For me the lack of fans was irrelevant, I prefer to pick my own fans. But it is pretty expensive for no fans.
Apart from that, the pluses and minuses of the normal VenX are in full force. A very nice mounting system. I was surprised that the cooler can rotate slightly even once mounted and locked down, but I suppose that's ok. This fit in my smaller case much, much better than a NH-D14 or SA would have, and gives great temps anyway — within a few °C of those coolers, if other tests are to be believed. I will post my own delta temps once I've tested a bit more.
The pressure can be adjusted from 40 to 70 lbs, but 70 lbs is a little too high for comfort. I just raised it a little from 40.
The fan clips included can only mount on open-corner fans. For closed-corner fans, you will need the fan shrouds sold separately. Luckily these shrouds are pretty simple and you can mount two for push-pull if you want. They also come in black, but be sure you're buying the VenX version, not the TRUE version.
Recommended, but I would recommend the normal VenX as a better buy than the Black. It's not really that different after all, just a slight color shift.