Pros :

• It does support both audio and video steaming
• Can also be a file manager that will allow you to access your music and videos anywhere you like as long as you are connection to the internet
• It is totally free to use and has been an opensource application since 2001 which is under licensed on AGPLv3 license.
• You will able to listen your music from your tablet, phone or television whether you are at home or in vacation. A very convenient way to stay connected to your music and gets you entertained in everything you do.
• You can easily manage your music collection by just browsing their simple web interface which can also be synchronized to your local and remote catalogs

Cons :

• No cons that i can think of. A web based application that can do audio and video streaming. It is just simply amazing.