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Obviously you are a Juniper or Procket employee, and I will admit I work at Avici and feel compelled to correct your lack of knowledge. Procket does not make their docs public, so it is hard to know what they really do/don't do, so all I can go on is their data-sheets.
1) The Avici router consumes less power than the T640, M160, 12x00 or 8812 per ft. Per Gb the avici drawws less power than the m160, T640, and 12400, but on par with the 12800. the 8812 does best per Gb.
2) Avici has a quarter-rack mountable chassis (QSR), a half-rack mountable chassis (SSR), and a full 7-foot self-standing chassis (TSR). Juniper does not have a quarter-rack 192c-capable chassis. From what I can tell about procket, they do have an 8801 chassis which looks small, but since it has no redundancy I don't see how it's more than a lab system.
3) Obviously Avici has fewer features than Cisco or Juniper, as those companies build edge routers as well. But Avici only focuses on core features, and I think they do them very well.
4) Density? Avici's on par with the T-640 and blows away the 12816, but it's not about density anymore - it's about system scaling - getting rid of the "# of slots" limitation. None of those guys have shown that ability, whereas Avici has had it for years.
5) Non-modular? You must be behind a bit. Their architecture is very modular, but they don't let you upgrade a single software process as Procket claims to, if that's what you mean. Avici does let you do hitless software upgrades, though. (which Cisco and Juniper don't... yet) For what it's worth, I also think Procket's idea of per-process versioning is a horrible idea. It's virtually impossible to test/support all permutations thoroughly.
6) Over-priced? It's pricing is equal to Cisco/Juniper. (slightly less/more depending on config, as everyone is)
7) Falls through floors? That has actually never happened, although I think the rumor started on LR. For the record, the T640 and 8812 weigh the same as the Avici.