Its a good all arround team as both Pains buff each other and konan provides a shield for all but the Water main, aslo able to afflict Chaos, AoE poison and AoE tag and Ningendo can interupt and reflect 1st debuff.
Its something like a semi blitz comp, by round 2 konan should be able to take down 1 ninja and cause heavy team dmg if everyone is taged. Weakness would be against teams who can do alot of round 1 damage and heavy cleanse teams. also once the panda/water clone is down the team is squishy if your initiative is too low.