I have been a member of this site on two separate occasions and have had two long lasting affairs with two very genuine guys. I can't confirm or deny the comments regarding fake female profiles, but one thing that should be drawn to the attention of anyone joining this site is:-
When searching for members be aware that if their status says last on line "over a week ago", it could be that they havent been an active member of the site for 6 months, even a year or more. IE do not delete the profiles of members who have left the site, nor do they make it easy to delete your profile. In fact this is virtually impossible. You would have to email the site administration and ask them to delete it on your behalf, however this does not always happen. SO BEWARE ...... this makes IE look like they have far, far more active members than they actually have.
Pros
There are genuine people here
Can be time consuming
Cons
The site is not populated with as many members as it would first appear
Time wasters
Expensive