Nice title, ain't it?

I'm sure many of the veterans here can comment on this....please share your thoughts:

Work for a pretty good company, decent pay, etc..but have grown 'old' at present position (almost five years). Plus recent changes in the dept shifts the morale from friendly environment to 'let's go work at the grind'. Enthusiasm is definitely less than before (going to work with dreams of getting out of the present job), VERY long hours (weekends, etc), new authoritarian(?) management have difficulty in hearing suggestions and very little people skills.

Now....

An opportunity may come soon, but you'll have to take a pay reduction (a bit under 10%). This new company is growing, and voted supposedly one of the best to work in the area. Company is MUCH smaller (100 people as supposed to 2500 people), so one may be taking a pay cut. Heard through the grapevine that the people are cool to work with. Everything else about the same as far as compensation (except stock option).

Provided you guys don't have credit card issues, and other pressing financial issues (and you're making an 'ok' money at this point, meaning 10% pay cut won't hurt the ability to pay bills etc). Would you take the plunge with that pay cut?

Comments appreciated.
JLJ