This approach where even the basics are broken - links require full manual management (what happens when you rename some target file) - is another 50 years away from Memex
I'd argue that this sort of interlinking flexibility (alongside easy-to-use plugins) is what separates the current era of note-taking apps over alternatives that people seem to (ab)use: a folder of Markdown notes edited via VSCode, a Google Docs folder, or even a static site generator.