[cryon]

Emacs have been my main editor for 15 years soon and while it definitely got some rough edges, once you learn all basic key-combinations for editing and buffer management (which often is even more uncomfortable with a non us keyboard layout) I feel that nothing else really compare. Text editing is great but as many have pointed out the extensibility and all the high quality community projects/modes out there make emacs something unique. I don't think it's wrong to regard emacs more as an elisp environment than an editor.

The biggest problem with emacs right now as I see it is the lack of multi-threading.