Pros
There are some good reasons to work at Powerhouse. You'll meet, network, and become friends with nice geeky people who are artists, animators, gamers. If you do not have industry experience, you add some on the resume by working here. Art books from various employees are scattered throughout the office.
Cons
The wages are not competitive on either a local or national level. In order to work at Powerhouse Animation and live in Austin, you will have to have multiple jobs, roommates, and another means of financial support. The perk really is what one of the previous reviewers mentioned: a bagel a week. Work is not assigned based on the employee's work experience, and depending on what you have been assigned, you might not get decent portfolio pieces for your next gig - which is a big set back if you want to continue working as any type of artist. The work environment has a negative side because some of the employees and higher-ups do not behave professionally. I've heard and seen things that should not have been at a place of work.