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Pros
Pro Small foot print
Because the legs are short and don't spread very far, the Pixi should be able to setup in most places.
Pro Doubles as a video/hand grip
Cons
Con Can't rotate the ball head 90 degrees from landscape to portrait orientation
The newer Evo Pixi Evo 2 section tripod has a section in the ball head where you can rotate it a full 90 degrees so that your phone or camera etc can go from landscape to portrait orientation. Not so with the original Manfrotto Mini Pixi. Of course one could install a ballhead that would allow this behavior, but presumably, because of the shorter legs of this original product, it may tip over depending on camera/phone. Here's a picture to help visualize this point.