Hey HTmat,,
I could write a few books about my migration from SCOM to Nagios. But some fast things that come to mind.
Advantages:
1) Very flexible monitoring solution. If you have some scripting knowledge, only the sky is the limit.

2) Customer support forum support is very helpful!
3) By offloading checks, for example mrtg related with mod gearman, vmware related with vma, you can monitor a lot of hosts with one XI server.
4) By using Nagios you get access to a ton of plugins created by the community on the Nagios Exchange.
5) You can create feature requests, which might be implemented by Nagios XI developers!
6) As far as I know, the only Nagios based monitoring solution that uses Highcharts, which generates interactive beautiful charts.
7) Create very beautiful dashboards and views with integrated NagVis maps and charts.
8) One monitoring solution for network, servers and storage.
9) Very nice integration with Nagios Reactor for advanced event handlers and event chains!
10) Very stable monitoring solution (compared to SCOM)
11) Real-time eventlog monitoring with NSClient++
12) Quick action component for hosts is super useful.
13) Very nice Linux - Windows integration
I could go on for some time...
Biggest Disadvantages (for me):
1) The reporting is very slow on larger systems (but they are working on it).
2) NagVis is not really up-to-date and misses some features of last releases (like zooming in and out on maps). This prevents us from using bigger maps with more information on it. (on for example fancy touchscreens.. )
3) The metrics component also needs some work. It's not possible make top X lists for nrpe based checks. (but they are working on it).
4) The default Graph interval is 5 minutes. It seems not possible to get Highcharts with an interval of 1 minute. (this is possible with pnp4nagios though)
Buy the Enterprise Edition, it will save you time and is definitely worth the 750 $ (depends of course on how many hosts you wish to monitor. If you only need 50 hosts, enterprise edition is probably not worth it)
In general Nagios XI was a revelation to me and the company I work for. 45 % of all our support tickets are generated from Nagios XI. (which is amazing imho with 5000 endusers)
@Nagios => Feel free to comment on my advantages / disadvantages
Grtz
Willem