I wouldn't count on it!

For me, it's been invaluable for notes and memos (and my thesis). When it comes time to submit a paper, I transcribe everything to LaTeX. It's a pain, but it's a lesser pain than transcribing from handwritten notes scattered across three notebooks and several crumpled-up sheets of printer paper in the bottom of my bag. That's my own peculiarity; YMMV.

(Edit: also, ugh, I feel like such a goof for having written that. Thanks for being nice about it.)