I do full time shift work including nights. It's fine, provided you allow adequate rest time post night shift. My usual routine has me dropping DS off for the morning at pre-school nursery, after which he's collected by his childminder who he stays with until I collect him after she returns from doing the school run. During weekends DH and DS usually go out somewhere in the morning so the house is quieter for me to sleep.
Pros: You're always around when the kids are, meaning you see them more than with a 9-5 job,
If you have school age kids you may not need childcare, except during holidays,
You generally don't need as much sleep afterwards compared to a normal night,
Someone else mentioned the pace or atmosphere when at work being more relaxed, that's true,
You get to sleep uninterrupted during the day, which I never appreciated until I became a mum!
Extra pay for working antisocial hours,
If the kids at sick or your childcare arrangements (if you have any) fall through, you can be the back up plan,
Cons: It's nightshift so you're not available during 'normal' hours,
It gets harder to recover as you get older, I sleep 3 hours longer post night shift than I did 15 years ago,
People don't consider night shift workers need for sleep-postie ringing the door bell, neighbours cutting the grass, kids playing and other general noise can be disruptive, get yourself decent earplugs!
Good luck with your new job!