It has become less useful to me on the Note 2 with the release of Home and Tasks, since they're not supported on the legacy version but looking forward to the EN app supporting Android 9 - I believe that's still on the roadmap.
I've "watched" videos on a few occasions - generally when I need the information and audio is priority over video. It works remarkably well for e-ink - but remarkably well for e-ink isn't the same as works remarkably well.
Edit: I'm a relatively new convert to the New Evernote, used legacy for quite a while but it does almost everything I need it to now and I've found I really like Home and Tasks despite being quite skeptical/critical initially. Turns out I can adapt to change, who knew.