Ranked in these QuestionsQuestion Ranking
Pro Simple .conf file in /etc/init
Pro Event based startup was fantastic.
Since it is event based, it was simple to have interdependent services emit status messages each other. Service start ordering and shutdown was easily managed in one conf file.
The "lazy" start of systemd is BS and is a mess to debug . service unit files have no clue what another service state is. The maintainers add arbitrary timers that add more complexity and more init hangs. The systemd documentation is poor. When a service fails to start (or stop) systemd follows the Microsoft model of not telling the reason why.
Con Ubuntu abandoned it
The original developers (Canonical) seem to have abandoned this project. At least they're no longer using it in Ubuntu.
Con It was just sysvinit or systemd in disguise
It really just offered a barely more intuitive way to create init scripts for the actual init system running behind upstart.