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Pros
Pro Can make noise
Tile can sound an alert when triggered.
Pro Sharable access
You can allow people you trust access to the Tile so they can help you find your lost items if you can't be there yourself.
Pro Remembers last location
Pro Waterproof
Pro 4mm thin
Pro 150 ft range
Pro Alerts when out of range
Cons
Con No Android support
Tile states that Android doesn't currently support Bluetooth 4.0, but new versions of Android have added the feature.
Con Battery can not be replaced
To make Tile thinner, the batter is not replaceable, meaning the device must be replaced on a yearly basis.