Pros: luxurious for a sedan, AWD, great gas mileage, smooth driving, has different modes (sport, snow, eco etc.), Very reliable, has a sunroof, can also have navigation if you choose, has a sports package available for better trim and lights.
There are really no cons so far as I have only been driving the vehicle for about 4-5 months. Having driven an Infiniti G35 coupe before, I guess a con I would say in comparison to that would be that the suspension, take off and brakes are not as responsive. But that is to be expected due to switching from a coupe to a sedan.
The 2016 Lexus IS has an average owner rating of 4.76 out of 5 which ranks it #2 of 19 other Luxury Small Cars.
From the Vehicle History blog
What's the 2016 Lexus is200t oil capacity?
What are some of the 2016 Lexus IS 200t transmission problems?
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Overall
Front
Rollover
Side
Moderate Overlap Front
Side
Roof Strength
Driver-side Overlap Front