As a former professional Videographer and avid amateur Photographer I've worked with (and owned) the best tripods money can buy. It's a given that such equipment is a joy to use, not only from a functional standpoint but from the superb results that can be obtained. That said, most hobbyist shooters wouldn't seriously consider spending a small fortune for this type of gear even if the weight and size were practical. That's where the VCT-R100 comes in. Though it lacks the bullet-proof construction of pro models, it is amazingly light, compact (only 14" fully retracted), and plenty sturdy for the average user. Furthermore, it's 3-Way pan head is surprisingly fluid and smooth versus other tripods in it's class.
As far as possible cons go, most would be related to the fact that the maximum extension of this model is about 40 inches. That said, video shooters have little to worry about. Most modern camcorders use a flip screen (rather than a viewfinder) so angling the screen upwards easily allows you to shoot in comfort without crouching. On the other hand, photographers using cameras with a fixed (back of camera) screen will have little choice but to either sit, crouch down, or use the tripod on an elevated surface (eg; a table). In such cases, a 52" or taller model with a sturdy elevator might be a better choice (though portability will suffer as such a unit will be undoubtedly collapse to no less than 2 feet). Lastly, keep in mind that this unit is designed primarily for consumer grade equipment weighing less than 2 or 3 pounds.
As most of my video/photo work is hobby related these days, I really do appreciate the quality, portability and overall value of the VCT-R100. All things considered, I don't think you can do a whole lot better for less than $80. At $27 it's a steal!