I would have preferred a button to "show all annotations" -- inserting spaces in the text itself if necessary to have everything line up correctly. I found myself moving through each annotation even on sections I don't care about right now, because there's that possibility that annotation I skipped was "Hey this clause will totally get you in trouble with the SEC, the IRS, and the Attorney General ..." Would have been much faster if I could just skim the annotations as I read.

Nice product, btw. I would love to see the same analysis done on the "Class F shares" company formation documents:

http://www.startupcompanylawyer.com/2009/04/23/what-is-class...