Yeah, its severely limited compared to a DAW in almost every way. But its super fun to mess around with, and if you like React and the Web Audio API then its a cool example integration as well. My vision long term is that this will serve as a set of primitives that can be composed into instrument presets and have UI hooks so you can build something like a step sequencer UI or a drum machine.
Have you ever played Rez on the Dreamcast? I kept wondering if you could do procedurally generated music from monitoring inputs so that you could listen to your production system.
I mention this only because I've flailed and failed to even figure out where to start to do such a thing a few times, and what you're doing looks like sufficient fun that I'm actually tempted to try again. No promises I ever will or that I'll remember to tell you if I do, mind ;)
Or, tl;dr: "I don't care if it's powerful, it actually looks like fun and that's awesome".