I would have to agree that the task list in outlook seems to be the
lacking in a few areas that would otherwise make it a great tool.

The one problem I tend to have with tasks is (and perhaps this is
because I haven't figured it out yet) that other users aren't able to
view my various task folders. I too like to have multiple folders
dedicated to the various "large-scale" projects that I need to do. If
a user tries to connect to my tasks, they are presented only with the
default folder, not any of my subfolders.

I'm also not able (or not knowing how) to synchronize task sub-folders
onto my PocketPC using the standard ActiveSync software.

I'm not in the corner of "MS is inferior", as I love their software,
but I think in the next major update to Office they could improve on
the functionality of tasks a little more.