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Pros
Pro Robust configuration mechanism
It's very easy to choose what processes you want by turning them on or off. You can also configure per-URL as well.
Pro Has production-ready server
Comes with a production level wsgi server that can be used instead of / in addition to gunicorn etc.
Pro Helps you organize the structure of your code
CherryPy provides some dispatcher patterns that support a wide range of functionality and provide some helpful ways of organizing the code.
Cons
Con Lacking good documentation
CherryPy's documentation could use some work. It generally feels very slim and is seriously lacking in some parts. For a beginner who is just starting with Python Frameworks, working with CherryPy's documentation would be very hard.