Pros - Very light weight and sounds good set "flat". To me it sounds better than most of the other 115 combo amps out there.
Cons - Though the low E seems a little weak to me, possibly due to the limitations of the stock speaker..
I was using the much heavier Ampeg ba115 for lower volume gigs and this Fender is louder and MUCH lighter and seems to have a better over all sound. I also favored it over the Markbass JB PS model that I returned, which sounded great in the store, but I could not seem to get a tone I liked on the gig without lots of fiddling. This front ported Fender is just so easy to dial in. Good solid bargain and has been very dependable so far. I would like to try it with a 4 ohm speaker, just to see how much extra head room it might have. better over all than most of the other 115 combo amps out there with similar specs. I have not used it live with a second speaker cab yet because when testing that setup, I found (no big surprise here) that it didn't hold up against a 500 watt Eden or Markbass head with two cabs. So, it's not going to be my first choice for loud (outdoor) shows, even with an additional speaker, but for the smaller jobs, it's just fine. I'm sure an additional cab would help expand it's range some and if you have PA support and your band isn't super loud, it should be fine just as it sits. I got a cover for mine and that will help it retain it's good looks.
Cons - For the price, none really. The only way you are going to get better is to pay more.
This amp has a good sound, with several noticeable differences among the settings. There are Bright, Vintage, and Contour. You can combine them if needed. It has an overdrive. The Bright with Contour works really well for my Epiphone Viola bass, with the Vintage being the best for my P bass.
Very, very easy to move and carry. Half the weight of my 100 watt 15" combo I traded in.
It has an XLR out that I've used to go into a PA. Seems to work well.
It has enough volume to be heard well playing with a drummer, two guitarists using 100watts 2X12s, 3 mics.
$300 for a floor unit. Traded a wah pedal as well.
The 4-band EQ gives you a lot of tonal options and when you add in the "vintage", "contour" and "bright" switches, it just gets better. I prefer the "vintage" setting myself. It enhances the already warm tone you get from this amp.
The overdrive is really something. You have two knobs to control the amount of distortion and another to control the level (like how much is added to the sound). You get a nice growl out of it. It's also foot-switchable, if need be.
There's also a switch on the back to turn the tweeter (horn) on and off to give you even one more option.
I bought this amp with the future in mind. I'm just starting out in the electric bass world and I wanted something that would work well for small to medium-sized venues. But I also wanted to be able to add another cabinet if larger venues were a possibility. This amp fits that bill.
As a previous reviewer mentioned, you don't get all 200 watts out of this until you add an external cabinet. However, you get 140 watts by itself, not 120.
The weight is really a big selling point for me. I can't imagine lugging around something twice this heavy. At 36 lbs, it's easy enough to lift in an out of the backseat of my truck.
The only downside that I can see is the line-out. Volume and EQ affect the output and there is no switch to control it. It's nice to have the line-out, but when you think of the purpose of it, e.g. sending your signal to the FOH and using the amp as a monitor, any change in volume on stage affects what's going to the FOH. That would seem to defeat the purpose.
Overall, this amp gives me the features I wanted and the tone I love to hear.