pnewcomb

I'm using Anki only for the spaced repetition scheduling, with the card content being just a link to the evernote note. Go through the usual Anki review process, click on the link to open up the note, review it, mark it as reviewed in Anki, then wait for the next time it comes up to review it again whenever the next spaced repetition is due. Problem solved.

There's a chrome extension called "AlterNote Editor" that syncs with your evernote, and it has basic collapsing functionality. Seems like something that wouldn't be too difficult for evernote to implement if a third party is able to do it. But hey, maybe there's some technical reason they're holding off on it.

+1  This is probably the main thing holding me back from using evernote as a note taking app. This is SUCH a vital feature!