Yes, Obsidian functions as a personal Wiki, which makes the above look sorta like "Why would I use Wikipedia instead of a 2.7 Gb directory of text files indexed

Yes, Obsidian functions as a personal Wiki, which makes the above look sorta like "Why would I use Wikipedia instead of a 2.7 Gb directory of text files indexed by Bing?", which makes the value add more obvious, I think. (In case it isn't: links, rendering, and stuff like the graph that gets constructed as you link are _very_ helpful to my workflow)