Pros:
-Great variety of shots and distances
-Hole 17
Cons:
-Not a great part of town. The locals sometimes like to set off firecrackers...
-Don't even bother playing after a strong rain. The whole course turns into a swamp.
Other Thoughts:
This is probably my favorite course in Indy. It's not far from my apartment, so I stop by frequently between classes. You also get a lot of variety depending on the time of year. I shot 11 under in the early spring, but have difficulty shooting 5 or 6 under with the leaves out. Hole 6 (par 3) probably gives me the most trouble. In general, the back nine is quite a bit easier than the front.
Also, try not to do what I did last month. I had a shot bounce off a tree, catch the wind, and land on the roof of a house (on hole 10 I believe). I had to lift my girlfriend up on my shoulders to get it down, and we got some pretty strange looks from the locals...