I agree with most of your points, Kovid, but a couple I'd dispute:
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Originally Posted by kovidgoyal
In MOBI it's impossible to have text and images side by side.
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Can you not do it with a table?
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In MOBI you cannot format poetry
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What you generally want with poetry is different levels of indentation for different lines, and you can certainly do that with Mobi. Was there anything specific that you had it mind that Mobi can't do when it comes to poetry?