Pros:
Light weight because of the alloy frame. This plus small size would make it a great concealed carry gun.

Traditional double action, if you like that. Perfect for carry

Safety/decocker lever. Again, a great feature for carry.

The usual outstanding reliability of 3rd gen S&W auto.

Gun Tests magazine compared it awhile back to a Glock and a Kahr, and rated it way better than either one.

Cons:
None I can think of, unless you object to one of its features listed above.

It is a fine gun, and there is no obvious reason why it should not be satisfactory. It all depends on what you want.
With the features on board this gun, it is an obvious candidate for concealed carry, possibly even in the pocket without a holster.
But if you don't want to carry it, then an all steel gun with a longer barrel might make more sense.