Current status of MSFS 2020: A 100 percent scenery/world simulator that no other app in the world can currently beat. Please check back in a year or two for proper, actual flight simulation, although I personally can’t guarantee it. Meanwhile you can use it now for taking fantastic and unbelievably realistic screenshots of the world.
A good aircraft: Working Title CJ4. Flight model and systems might not be study-level, PMDG-like, and it has no failures, wear and tear etc, but it’s way better than any default or 3rd party payware aircraft developed for MSFS so far. Fully IFR and VATSIM/IVAO/PilotEdge ready. Has a lot of custom-coded things going for it.