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It acts as a single pane of glass, replacing the headache of managing separate vnet peering's and manually routing
It does the basic thing quite easy and straight forward.
The best feature of Azure Virtual WAN is Zero-Touch Provisioning and Self-Healing Networks by detecting latency spikes in our SD WANs and re-routes the traffic. It also notifies key administrators once an anomaly is detected.
I feel like using granular control as it's a managed service, it can become expensive in small scales and we can't add our subnets.
Route propagation and general external connections are quite challenging when the request is off the beaten path. It seems that the aim was not for a large corporation, although many are looking for multi-cloud solutions making vWAN a necessity
Integration with AWS WAN is sometimes troublesome and not efficient to manage a virtual network. Direct Connects and Transit Gateways sometimes dont work efficiently if not designed properly.