Evernote is an amazing program that I've been using for years, and I love it! Thank you for creating such an amazing product!
One major drawback is its lack of creating academic referencing and bibliographies. The technology is already a feature within Evernote; the "note info" pane. You could add a "more" or "advance" option within that to allow for a more robust input for academic purposes. Then add a drop down menu where people could select their preferred style of export (this could also be placed in Evernote settings, as an overarching setting). The major headache I think is the integration with Word. Unfortunately most universities require their students to hand in their assignments using Word. The best program I've found that does this is Zotero. It has a tab at the top of Word, which takes us back to Zotero and allows us to add a reference directly from there. It's brilliant! Then at the press of a button, we can build a bibliography. I don't think this would be too complicated for the Evernote team!
Enabling something like this within Evernote would add incredible power to your program. And I think you'd see an influx of students using your services. Evernote is touted as our second brain and the place you need a second brain the most is in academia and research! Please add this feature! I'm sure you all remember your university days, help us make the most of ours!