If they had just fixed the stupid bugs (like ctrl+backspace inserting a square instead of deleting a word, or not supporting LF to terminate lines), Notepad would be a pretty great editor when you just want a very simple plain text file.
About that first issue: both Explorer and Notepad, and probably a bunch more, insert a square instead of deleting a word when pressing ctrl+backspace. I just don't understand why Microsoft doesn't fix that kind of bullshit, and instead leave it in for decades. It's the same thing with cmd.exe; instead of improving it, they've left it in the exact same broken state since (probably before, but at least including) Windows XP, and instead of fixing the issues with it, created a whole new shell.