A "next generation" Vim effort. Major overhaul to support more powerful plugins and better integration with tools such as IDEs.
Ranked in these QuestionsQuestion Ranking
Pro Still Vim but with upgraded features and some issues fixed
NeoVim was a complete rewrite of Vim, with new features added and underlying issues resolved thanks to the Vim code base. The keybindings and configuration are the same as Vim, so the switch can be pretty simple.
Pro Better integration with external tools
The core text editor is "headless", meaning it's detached from the user-interface so other programs can hook into it. This enables better integration with IDEs and browsers, where "Vim mode" has typically been a poor substitute because it was a partial rewrite or a partial port at best. One of the advantages of Vim has always been ubiquity and Neovim makes it even more ubiquitous.
Pro Powerful plugin model
Vim plugins have always been useful, but tied to specific languages. Neovim's architecture provides better separation between plugins and the core product, so that plugins are completely flexible and can be written in any language.
Pro Modern code base
As a refactor over Vim, Neovim has greatly improved its code base. For example, some functionality is handled by libuv, the same code base that powers Node.js.
Pro UI Agnostic
The core functionality is handled apart from the UI, meaning that Neovim can be embedded into any other GUI system, such as Atom.
Pro Built-in terminal emulator
This avoids the user having to make any installations.
Pro Async plugin execution
Pro Active development community
Pro Comes with some good configurations out of the box
Some typical configurations most of VIM users make are default in Neovim.
Pro Opens a 3Gig Text File in a few seconds
Not many editors can open such a large text file so quickly.
Pro Fast and light on memory usage
New neovim editor instance starts instantly and you can have multiple editors open at the same time, because id does not require a lot of memory to run.
Pro Work in TUI (Tex User Interface)
Neovim can work on terminal, on a remote server over ssh.
Pro Even more powerful since 2019, because of additions such as vim-coc, TabNine, fzf, skim
Vim gets stronger every time command-line tools get stronger. This isn't even it's the final form.
Pro Easier to pick-up than ever
Don't believe it? Try typing vimtutor in your command line right now.
Pro Terminal mode is very convenient for testing code in a split window
Con Poor feature discoverability
Con Ambiguity in extensive documentation
Con Limited cross platform support
Neovim is not available for many legacy platforms
Con Split the VIM community
Moolenaar to be blamed for. If he opened up the development for vim to other bright minds, no fork would have happened. As it is mostly compatible with vim, it is not such a big issue.
Con High effort to customize
A lot of time and effort is put in to make it specific to your needs.
Con Poor support for external tooling
Con Requires Brain Mode Switching
When editing in vim, you have you use the vim keys; when editing in every other window on your PC, or in Word or Excel or other application, you need to use the standard system key combinations. Learning the vim combinations can actually make you SLOWER at everything else.
Con Consume brain energy for editing that should be used for logic
Text editing in vim can be great once you've learned it, but it requires thinking about combination of commands. In other editors, you don't have to think about how to delete this part of code. You just think about how to implement a feature, what is a good design for this code. Even after you get used to using vim, it still requires your brain for editing.