[Tommy]

Matt -
The pros and cons depend to some degree on why you have a Cobra. You need to decide why you want one. Is it:
1. The desire to build your own car?
2. The desire to have a car that inspires awe and admiration in the eyes of strangers?
3. The desire to drive a car that saturates every sense every time you drive it?
4. The desire to race (e.g., SCCA Solo II)?
5. The desire to spend your free time and money repairing or upgrading or just tinkering with your car?
6. The desire to win trophies at car shows?
7. Etc.?
If you'll tell us why you want one, we can better decide which characteristics are pros and which are cons.

There is one con that deserves special consideration. It is very tempting to drive a car as light, powerful, short and eye-catching as a Cobra aggressively. So, many of us struggle to balance the urge to drive aggressively with the need to drive safely. If you are not the kind of person who can control the urge to drive aggressively on public streets, I ask that for your safety and mine, you not get a Cobra.

So I don't come off as a complete jerk, let me add that my favorite thing about my Cobra is the sound. My Corvette sounds good, but it's not in the same league with those side pipes.