What are the pros and cons of using Exceptions in C++ in relation to game development.

Google style guide says that they don't use Exceptions for a variety of reasons. Are the same reasons pertinent towards game development?

We do not use C++ exceptions... - google-styleguide.googlecode.com

Some issues to think about.

• How it pertains to the development of a libraries used through multiple projects.
• How does it affect unit testing, integration testing, etc?
• What does it do to using third party libraries.