It's not "that" kind of note-taking app. It uses OrgMode, vs Markdown, if that helps. Seems to be more oriented to tasks and GTD, in particular.
The limitations, as noted by others, is mostly in the software stack. Without Emacs it's not a full OrgMode client but a mobile helper.
Depends on how you use it. I could barely survive without it nowadays. The reminders and the outlining for projects has become essential.
You are wrong about copying. It was perfectly normal to photocopy books at schools and universities since these were long out of print, the libraries didn't have enough copies, or whatever other reason, in some areas of the world even before computers.