Some bad signs: 1. Hosted in Switzerland is advertised as a security feature. The point of e2e is that the servers are untrusted. If you need a "good jurisdiction" for your servers, it means they must be trusted. That's a problem, because sadly there are no good jurisdictions in today's world, and your jurisdiction doesn't help you if your servers are hacked. 2. It's webmail. That means the security of whatever e2e t…
Even with e2e you have availability concerns, so picking a "good" jurisdiction makes sense. The rest of your criticisms are completely valid -- webmail is never going to approach the security of true e2e client crypto. The best possible system for webmail would be a browser extension or in the far future world, some kind of browser security extensions. Failing that, there's probably value in "best effort" secure webm…
I don't know if this is just a couple dev's 20% project or if it has dedicated resources, or what.