What are the pros and cons of growing up in a joint family verses nuclear family in India?

My husband used to live in a joint family, and he still raves about how much fun it was. All the cousins would live under one roof, will have same meal time, would go to picnics together and what not. And I guess, given a choice he even today won't mind a joint family set-up. But I do not support joint family set-up. No doubt, you have a support structure and as they say, kids are being taken care of even when you are not around, but one has to pay for it by giving away your privacy. Your personal life is badly affected with every one poking their nose and giving their opinions. There's compromise in nuclear family with just your husband whereas in joint family you have to compromise in every situation and with as many people as there are. Quite a herculean task, I guess.