My child is 3 1/2 and we have owned a baby monitor since she was born. We have gone through 2 monitors so far and this one, is our 3rd. In comparison, this monitor far surpasses the others we have owned. Pros: 1) It's compact which I like a lot. You don't have to carry a clunky object around the house. 2) The screen doesn't come on unless you want it to! You can black out the screen but still hear your little one. 3) The picture quality is great. With the others we have owned, if it was just getting dark outside, the screen would be black and fuzzy and you couldn't see anything. 4) This monitor doesn't have a physical/tangible antenna so there are no worries about breaking it off.
The only con I have found with the monitor is that you can't move the camera remotely. You must manually move it. However, our child mostly sleeps in the same spot in the bed every night, so this isn't a biggie for us.