1. Doesn't recognise and automatically insert bullet points.
2. If I type 24th December, I expect the th to be superscripted for me. It isn't.
3. Inspector seems quite powerful, but is woefully inadequate. I can't have a full square block as a bullet. It isn't context sensitive. If I am typing a list with bullet points, Inspector makes no attempt to show me the options I have. Word opens up a new box showing me all the things I can do with bullet points. Inspector makes you click through.
4. Beachballs like crazy, which is something I've read on Apple Support too. Maybe a permissions thing, maybe not, definitely machine-specific.
5. Uses the god-awful generic font palette that other Cocoa apps use. That thing is just plain atrocious, and should not have made it into a program where you may change font a lot.