This is a good review of the game. It makes notes of the important aspects of Elemental that differ it from other 4x games. Such as the questing system, and how development of your cities works.
This article also points out the flaws of the game, such as the lack of in-depth that the game currently sits at, and also the issue with bugs. A pro that they mention is the continued support that Stardock will have for Elemental.
The continued support is why I purchased the game. I am definately looking forward to seeing the evolution of Elemental from where it stands now. I am definately in the long run with this game, even in the basic form that the game is in now, I still have lost more hours of sleep than I can count playing the game. I even set my alarm early so I can play for a few hours before school or work. 