I want to like pages, I really do. It used to have a great file saving format that embedded your text as xml and all your embedded graphics were saved in their original file form in the pages file "bundle". So 20 years from now, you could get all your figures and text out, and not be screwed because your program of choice isn't available anymore (I'm looking at you, framemaker).
Here are the fatal flaws of Pages:
1) no cross-referencing of figures, table etc. This makes auto- numbering impossible and table of figures, and tables of contents are all manual like I'm on an IBM selectric and it's 1976.
2) constant saving. I can't open up one document, fiddle with it, and close it. I want to save on my terms. If I want to open a doc, yank half of it out and put it somewhere, I don't necessarily want that change spooled to disk 100 times a second.
3) almost forgot: Absymal footnote, and end note handling. Non-existent is a better word for it.
It's like pages is meant only for letters to mom, and jr. high school english papers.
Don't get me started on Numbers, as someone who knows Excel inside and out, Numbers is baffling. And not in a "I don't know how to use it way", but in a more serious "Who would think this is the way people would want to work" way.
It's a good thing they are free, that's the appropriate value point.