Amber,
Hello. I was banded last August. My surgery was out-patient. I don't think it was as quick as one hour, but I went in early a.m. and was home by that afternoon. My recovery took about a week. I took two weeks off of work, but could have gone back sooner. To me, the pro's are: 1) Not as drastic a surgery, 2) hospital time and recovery time were minimal, 3) slower weight loss, no dumping, no malabsorption. A few cons: 1) It can be frustrating cause weight loss is slow, lol, 2) It takes time to find the 'sweet spot' of the right amount of saline fill, 3) If you are too tight, you face stuck episodes and vomiting.
Hope this helps.
Jamie