They very recently added a search function and an offline mode, to let you know where the store is in terms of features.
No bundles, no gifting, no paypal, no searching by genre (you can search for "Spooky's House of Jumpscares" but not "Horror Games") or tags, no mod support, no workshops, no automatic refunds, no wishlists, no cloud saves, and so on.
It's really really bare-bones and it seems pretty clear that they're putting more effort into the chinese malware side of the software than the actual "usable product" side of it. The launcher (despite only having like a few games) can't even detect if you have a game in your library before trying to sell you add ons (so you can buy addons/DLC for games you don't own).
They also make a really huge deal out of "we take less of a cut than steam, it's better for developers and consumers!" - when in practice all games launch at the same price on all platforms, so you (as a consumer) aren't seeing any benefit. Developers are typically paid a salary and aren't bonused so the people who are actually keeping all the extra money from the EGS are the owners/execs and/or the publishing company. Additionally, just because they offer a lower "take" now, that doesn't mean that they always will.
The store isn't just behind steam in terms of features, it's behind basically every store and launcher in existence. It's not better than GoG, UPLAY, ORIGIN, or even the Nexon Launcher. Those stores have some exclusive titles, also, but those are first party exclusives (Uplay is Ubisoft, so they have all the Assassin Creed games, Origin is EA so they have Madden, Fifa, whatever, and so on) which people don't love, but it makes sense for them to try and keep that profit margin. Epic Games is buying timed exclusives for games they don't manufacture or publish, many of those games previously being advertised on Steam as being for Steam, which is another pain point.
That said, with the piles of cash Epic is throwing around, it's a no-brainier for Randy Pitchford (and company) to take their offer. Randy in particular has been getting ready for this over the last few months on twitter and he is not at all above stealing cash (Secret bonuses and stealing huge cash from Sega) so this is easy for him. It reduces a lot of sales risk for BL3. It's crazy however, for Randy Pitchford, to think that anyone is fooled by him. He is shilling for EGS because they paid him a ton of fucking money and he's out there trying to act like "Sure they paid my company a giant pile of cash and then (allegedly) threw me a pile of cash under the table; but even if they didn't it's still a good product!" and getting mad when people are telling him to eat shit.
