Pros
Nike is a very exciting company to work at. They are always innovating, always pushing the edge, and they have the funding available to do exciting projects. Some positions are able to travel quite a bit also.
Cons
The environment is extremely political, especially in Digital. Many employees feel they cannot be their authentic selves lest they be blacklisted somehow or even quietly moved out of their positions and into a lesser role. Focus on hierarchy, way too many Sr Directors and VP's, and an overly matrixed environment leads to confusion with 10 bosses thinking they're in charge and confusion ensuing at the individual contributor level. This makes it challenging to actually GET any of that exciting work DONE at Nike. They really are their own worst enemy.