Pro: Good ventilation. Chamois on par with other notable brands.
Con: No real waist size adjustment. Length could be longer for baggies.

These are my favorite riding shorts. I have slightly newer versions (I believe they're 2.4). I bought one pair in a Brown/Khaki color and loved them so much I went back and bought another pair in Black the next week. The chamois is about as comfortable as my Fox Racing shorts, but not quite as good as Specialized. The ventilation is the best in my collection (which also includes Cannondale and Pearl Izumi).

My only complaint is that the waist size adjustment is kind of useless. It's a button on the inside of the waistband and an elastic loop that cinches it a little tighter. Kind of clunky for a company like Oakley which normally has really great attention to detail. I also wish there were real hip pockets, there are two "cargo" style pockets on each side, one with a zip closure and one with a button closure. Still worth a 5 in my book.