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Pros
Pro Available on both Tablet and Phone
Many other Android IDEs are only available on Tablet - Quoda's available on both, and very usable even on non-Phablet phones like the Galaxy Nexus.
Pro Lightweight Interface
Quoda's interface is very lightweight, leaving as much screen real-estate as possible for looking at your code. This is in stark contrast to other Android IDEs, many of which come with giant toolbars and custom keyboards filled with shortcut buttons that clutter the screen.
Pro Support for many languages
Most Android editors only support languages used in Android development, such as Java, C, and XML. Quoda supports a wide variety of languages, including being one of the few editors with Haskell syntax highlighting - one of the few languages terse enough to actually write on mobile.
Pro Under active development
The developer of Quoda is very responsive to user feedback, and updates are frequent.
Cons
Con Not available
No longer available in the Play Store