Go for the GUI version of emacs wherever you go. Being able to properly use the mouse is really nice when it comes to doing editing work, as opposed to straight code/text writing. The advantages of syntax coloring aren't to be overlooked either. (Even with as simple a thing as POD-mode, the coloring's nice)

Being able to use emacs in a terminal environment's a good thing, but I'd look at it the same way I look at knowing terminal-mode vi--learn enough to get by if you need to in an emergency. (which is a good reason to learn basic vi, regardless of how you feel about it. It's available just about everywhere, and is about the lightest-weight editor you'll find for those "I'm editing config files at runlevel s with-just a bare root partition and no swap" times)

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