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Org-mode

Org-mode is a note taking tool to be used with Emacs. It is geared towards authoring documents, taking note, keeping todo lists and planning projects, all in a simple text format.

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Pros

Pro
Out-of-the-box Latex support

Org-mode has out-of-the-box support for Latex: it can immediately parse equations (or other Latex markup) and can even compile notes to PDF or HTML.

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Pro
Basic spreadsheet functionality

Org-mode has some basic spreadsheet functionality. Other than auto-formatting ASCII tables (a notoriously annoying problem), it also has support for LISP-like syntax to define equations or any other functionality that can be achieved through spreadsheets.

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Pro
Built-in agenda

Org-mode has some built-in agenda functionality. You can schedule tasks and assign various degrees of importance to each of them. Org-mode agenda can also be synced with Google Calendar.

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Pro
Versioning can be tracked and synced using Git or other VCS

Org files are plain text, and lend themselves well to version control. Emacs also has good integrations for various VCS.

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Pro
Very flexible

Org-mode is characterized by a flexible and versatile system with adaptability to different workflows, making it comparable as an Evernote alternative. It is at once simple and complex., which helps it to compete as an Evernote alternative.

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Cons

Con
Difficult to learn

Org-mode has a difficult learning curve since you have to learn all the keybindings and commands. It's especially difficult if you are not used to Emacs.

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