The best thing about the software is that it allows for plug-ins to extend its functionality. Often these plugins that are developed become part of the next iteration of the software. The wide-range of functionality is one of the strongest selling points of this software, though the greatest amount of functionality is only available if you have administrator level access. There are a wide variety of standard assignments available, ranging from standard quizzes, grade books, and attendance modules to more advanced assignments like automatically generated peer review assignments and collaborative wikis. Getting more creative with this tool will some interesting results like badging and gamification.

The biggest limit is the need for hosting the software. If one's school has not already installed it, the setup might be overwhelming for non-technical users. However, this option allows the most flexibility. Conversely, if an institution has already installed it and the individual instructor does not have administrator privileges, some of the functionality may not be accessible. 

This tool can offer full online course functionality or serve as the online hub for a blended course. At NCSU, for example, every course has a Moodle space generated and available each semester. It is an extremely flexible and free tool to facilitate course management.