On the con side, there are some who claim there are negative interactions between corals and algae, so maybe if you have an SPS garden, it's not for you. However, there are plenty of people with macro filled refugiums and nice SPS. Like everything else in this hobby, there are lots of opinions.
On the plus side, it's a cheap, simple, natural, robust way to extract a lot of nutrients. It's a great compliment to skimming since the scrubber works on nutrients-- the stuff that got by the skimmer.
There used to be a lot of great info on algaescrubber.net, but that site is now the commercial site for SantaMonica upflow scrubbers. The best contributers from that site have moved onto RC and regularly post on the algae scrubber thread there.