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Liberation Mono is styled closer to Liberation Sans than Monotype's Courier New, though its metrics match with Courier New. The Liberation fonts are intended as free, open-source replacements of the aforementioned closed source fonts.
SpecsUpdate
Pros
Pro As of 2023: Second Best screen-modern drop-in replacement for MT Courier New
Metric-compatible with Monotype Courier New, dot 0 (zero), modern non-Kettler lowercase l (ell), 660+ glyphs, OFL-1.1 license
Pro Compact line height
Just like Courier New (the metrics of which this font emulates), its line height isn't too big, which results in more lines on the screen, compared to Consolas and several other more popular fonts.
Cons
Con Difference between "0" and "O" isn't clear
It can be difficult to tell the difference between the number "0" and the letter "O". However, the Fedora Project has a slightly altered version of Liberation Mono that fixes this with a dotted zero.
Recommendations
Comments
See Product Page for "Liberation Mono"