What are the limitations of Toad for SQL Server freeware?
The Toad site has documentation on the limitations of Toad Data Modeler but not for Toad for SQL Server or Toad for Oracle. I found a blog post "I love the new Toad freeware!" on their site as well claiming that the new freeware is no longer "crippleware" the way it used to be.

I've used the tool for a few days now, and there are lots of menu options disabled, so no, the product is nowhere close to fully functional.