Stylus > No stylus
But...
Stock Android >>>>>>>>> Touchwiz
Because of the large screened Huawei Nexus coming this year, the one and only thing the Note has left going for it is the stylus, but that alone is not enough to convince me to forgo the Nexus for one. Plus the Nexus will likely be cheaper too, and work with Project Fi.
While I don't consider the removable battery and mSD slot as absolutely necessary features, they are still nice things to have. I don't understand Samsung dropping them from the Note line. Having all of those "power user" features plus the stylus is what put the Note over the top of other flagships.