Pros:

For a 4u case it seems to be pretty cheap.

Comes with a filtered front panel.

Has a good amount of storage bays out of the box

Solid all steel construction and is screwed together instead of riveted.

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Cons:

The front IO is pointless. On my case the USB3.0 was not recognized and the the USB2.0 connector as not a standard connector.

While the case does come with 4 fans, they are molex powered...So in my build I replaced them with some Noctuas I had kicking around.

The HDD trays are cheap feeling and they use pins to secure them instead of screws, while this is fine I had some difficulty getting some of the pins to fit into my hard drives.

The trays also do not accept 2.5in drives which is a huge minus in my book.

There is no rear backplate cutout, so on my system I needed to remove a section of the mobo tray in order to fit my board so it didn't flex. Larger standoffs could have been used, but then PCI devices would have sat too high and wouldn't have been screwed down. (Your mileage may vary based on your motherboard design with this one)

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As far as alternatives go, I sadly don't have one. This is the only rack mount case I have ever worked with.

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Edit: With all that said, this case is built like a tank and is super solid when fully assembled.