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Pros
Pro Lighting effects included
There are a number of preset modes, such as a sleep timer, a snore mode (breathing effect), and a flashing effect. Dimming is smooth as well, which is good to hear as some other bulbs seem to find this tricky sometimes.
Pro No hub required
While many smart bulbs require a hub to connect, the Oort bulbs connect directly with your phone which not only makes the initial setup easier, but also less costly (as you don't need to buy the hub).
Cons
Con Very dim light
180 lumens won't do much good in terms of lighting (for comparison, regular bulbs produce about 800 lumens - the Oort bulb provides less brightness than the typical refrigerator light). This is really only effective as a supplement to an existing lighting solution as mood lighting, and not a regular bulb replacement.
Con Very short range
With a range of only 12m, don't expect to control your lights from far away. The good news is that the bulbs work together in a 'mesh' configuration, meaning that as long as you are within range of one bulb (and the other bulbs are in range of each other as well), you can control all the bulbs.
Con Poor color reproduction
The colors this bulb produces don't look saturated, and there isn't a very wide range of colors (about 20 noticeably different colors).