Flexible lens perfect for someone new to SLRs and only someone with an ego wouldn't use it when on holiday. It's light and won't be a burden around your neck. It's images lack a bit of punch but clarity and colour can always be enhance in post.
IS makes low shutter speeds easier to use; Quite sharp all round; Gets a reasonably shallow depth of field at 55mm at f/5.6; Cheap, compact and light; Common 58mm filter thread
Some lateral CA, manual focus ring is difficult to use; Not the most accurate autofocus results; I've noticed coma wide open in some shots; Colour rendering is a bit flat; Not exactly a solid design (should survive a slight knock, but not much more)