We had a popup for one summer and then sold it. I did not like cranking the top up, pulling out the bunk ends, inserting the hardware, snapping the material down all around the unit, putting the bunk under-supports into place... by the time I got done I would be sweating pretty good. Breaking camp was the same thing in reverse, plus the trays sometimes wanted to jam a bit crooked, and I got a couple of slivers from the plywood. We camped in bear country (Tetons), and my wife had trouble sleeping because she was worried about bears coming through the canvas.
You did say pros AND cons, didn't you? ;)
Fast forward to now. After owning and selling 3 travel trailers, I'm looking at buying another popup. But this time it will probably be an A-frame, like Chalet or Aliner. Although I am also looking at the Palomino Basecamp model that has no pullout bunk ends and an electric-powered top (the wife is done with camping these days, so I don't have to have hard walls to please her).
I'm not trying to scare you off, just keeping it realistic. While you're set up, you have a nice big vacation home. But there can be some setup and takedown bother. And you can hear the wind flapping the canvas and the neighbors talking.