My dog likes to rip the squeaker out of toys and can do it in 2 minutes flat, so a replaceable squeaker doesn't help when the fabric pouch is shredded... Ok if your dog squeaks the heck out of it and you just need to replace the squeaker to keep him happily making noise.

Pros: Great if the squeaker wears out

Cons: Doesn't help if your dog tears it out

My dog would not stop until she had destroyed the squeaker in a toy. She was good at it too. This toy was nice because I could replace the squeaker and she would get more "enjoyment" out of it. It came with an extra squeaker too.

Pros: Can replace squeaker

Cons: None