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Enkidu... don't jump on people for giving detailed explanations when you ask for them... your Post #3 said "What's a flasher?" which bbriand then explained... don't blame him for his explanation when your comment made you sound technically inept...
And as for your 3 questions: Dependable if you don't screw up, at least as bug free as any commercial software and probably more so and you take all facilities as it's a unit but you don't have to use anything you don't want to and multi-level folder structure works. If you want more detailed info on the various flashers and systems then read the latter part of the related thread as well as the beginning...
Oh yes, Sony implemented a tag structure (using meta-tags), which many people prefer to folder structures especially as it allows the same file to be in several different tag groups whereas you would need several copies of the same file in different folders to achieve the same capability... personally I prefer folders but that's me.
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