Yes, it works but old Notepad cannot be associated as a Windows default program to open .txt files...soooo the irony :) Still you can open old Notepad then chose File then chose Open then chose a file to open. But that is the best it can do. At least on my Windows 11.
The only issue i have with the new Notepad is the side scroll - it is very uncomfortable that it is hidden and sooo tiny. Yes, it is slick, but very user unuseful for someone that is used to working with a touch pad without a scroll. I will get to use Page down and up buttons in the end - just like i did with Win+D to show desktop instead of the good old right click on Taskbar - Show Desktop. But i will hate it. I still hate Google for discontinuing Google Reader (2013) and Picassa (2016).
Also the new Win11 righ click shortlist menu - it misses some of my most used options Send To, Edit, Unzip in current folder . Can we customize these?