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Emacs is, according to popular joke, an operating system with text editor function :P. Seriously though, Emacs is an extensible with hundreds (if not thousands) of add-ons programmable text editor. Programmable means that you can automate quite a lot of work from within it. Really good for programmers, not sure if worth to use just for notes. Org-mode is an engine that depending on some instructions from you takes the body of the note and applies the syntactic/formatting rules to print it. What's cool is the fact it's a rather easy syntax that can be exported into a lot of formats (HTML, LaTeX, Markdown, RTF etc).