Biggest strength would be performance. Biggest weakness would be maturity. I think almost every pro/con I can think of can fall into those 2 buckets right now.
I'm a big fan of type systems so Pony having one is a big win for me.
The maleability of Pony and its immaturity helped us in some ways. We were able to treat it as a runtime for us to help mold and fit to our needs. That wouldn't have been possible with Erlang.