In terms of pros and cons:
http://www.t-nation.com/findArticle.do?article=06-028-training----------------------------------
That being said, for a parkour-type workout where you are aiming for increased agility, strength, power, quickness, etc. doing a split is not a very good idea. Full body promotes greater awareness and muscular coordination not to mention the fact that all of the best movements like olympic lifts (clean & jerk, snatch, power cleans, etc.) which develop a high amount of posterior chain explosiveness are basically full body exercises. An upper/lower split is slightly better, than a full on split but also has its drawbacks of where to add certain exercises like oly lifts.
Anyway, even if I didn't write the above paragraph, your split isn't that great because it is missing back which is vital in all running, jumping, etc. movements....