Needed a tent, went in and found a hammock with a bug net built in. Thought I would post it as I didn't realize these were available and perhaps others don't as well. With a tarp you'd be protected from rain and bugs.

The advantages are that you don't need flat ground to pitch it, just two trees. So if you get a late start and haven't made it to the lake yet, better chance of finding a campsite on a steep slope..

Also probably a bit cooler, since you are off the ground.

The disadvantages are the same. You need two trees and it is cooler. Not so good above timberline, perhaps, and in winter.

Seems quite light, so with a tarp might still be lighter than many tents. Can set it up on ground if you run lines through the bug net to keep it off you. Need trees or perhaps stakes, though, to tie bug net cord to.