Pros: Ridiculously light
Practically climbs hills by itself
Cons: Not as plush as other bikes in the category
Not forgiving of mistakes, inattentiveness or laziness
Recommendation: I got this to replace my Yeti 575. I also had a Yeti Seven and the 575 were too close together, now with the Five and the Seven, I have the perfect trail/all-mountain quiver.
Despite being very close to the 575 in travel, the Five is a very different bike. It is not nearly so plush and it won't save you if you charge recklessly into a bad line. It is, however, the quickest handling 5" bike you'll ever find. You just have to ride it at all times, no getting lazy on this one.
This thing climbs like nobody's business and still downhills really well. Even though it has less travel than the 575, it's just as good on the techy climbs being so flickable and wheelieable. I can clear switchbacks, especially uphill, on this bike that I never thought possible on any other bike.
If you're an aggressive, skilled rider who wants a quick'handling rocket, this is one you need to check out.