Pros: All common functions not only of Notepad, but also most of Notepad++.
FTP/SFTP similar to NppFTP.
More powerful code tree.
Cons: Not many plugins. Much less than in Notepad++.
Other Thoughts: @LikeThis:
>>opens up a new program instead of opening up an extra tab in the existing program when opening a text file via right click in the Windows Explorer
That's ridiculous. You can't see the option "Allow only single instance". This opt gives the needed behaviour.