As an owner of an eMate 300, I concur with Beachycove's rebuttal - these eMates are relatively capable for primitive note-taking during lectures, and for drawing basic geometric figures if required. I doubt anyone would want to write a formal essay on a 300 (I've written the opening draft to a couple just for fun, but the keyboard is really too small to type on for extended periods of time), but do consider the eMate as a potential candidate, nevertheless. They're fairly inexpensive (I got mine for $30 last year with its original power adapter- it's in mint condition, and the original battery still holds an exceptional charge - about 20 hours, or so), and lots of fun to use. They also draw in a bit of attention as many people have never seen a Newton product before, so just be cautious if you plan on using it in highly dense public areas.
In regards to data transfer, I use my 5215CD as the recipient when sending notes over from the 300, which is fairly quick. Also, the Newton OS is compatible with a variety of word processing programs, such as Word, ClarisWorks, and WordPerfect, which is very beneficial for Newton users, and increases the functionality of the Newton PDA as a whole.