The good: clippings and notes and voice easily recorded and saved, synced across platforms
The bad:
* the limit on the number of notebooks one may have is restrictive. I have to set up two different accounts to work around this (yes, paying twice). I mean, any given complex project - say a home renovation or major research project - can easily consume most or all the permitted number of notebooks (250), leaving none for ones investments and ideas, business endeavors, recipes, interests ...
To me - along with inability to create nested notebooks and hierarchy - this is the most critical flaw.
* all its features are available only on web version, not on iPad or BB versions, which are essentially read only
* inability to create a series of sub notebooks - meaning drilling down in subject matters requires creating another peer-level notebook - is a major drawback. Notebook hierarchy is a critical missing piece keeping Evernote from surpassing OneNote