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1. Re: Is it possible (or feasible) to create an entire website full of animations using Edge Animate?
There has been many new features added post the preview releases. You can check the below links for information on what added in 2.0,3.0 and CC 2014 releases.
Latest Version: https://helpx.adobe.com/edge-animate/using/whats-new.html
EA 3.0: https://helpx.adobe.com/edge-animate/using/whats-new-edge-animate-30.html
EA 2.0: Edge Animate Help | New features summary
I would recommend you to try Edge Animate/Reflow/Muse for creating websites and let us know if you encounter any issues.
-Sujai
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2. Re: Is it possible (or feasible) to create an entire website full of animations using Edge Animate?
The animation problems can be solved and you can deliver full websites relying on Edge Animate alone. however,
Like everything else, it is the matter of "gain" & "loss". If your career goal is to become a front-end developer then you should get into habit of working with JavaScript/Jquery, CSS, Html5 etc and build things from scratch with no reliance on assisting software. If you are a Designer, then Edge Animate is good enough to help you build personal/simple interactive projects. Also Average knowledge of Jquery & CSS gives you the freedom to use coding environment inside Edge and become less dependent on the timeline animation. In long run, you should always determine if learning a new software or language is necessary, otherwise, there is always more to learn, and just like Alice in wonderland, the question is, how deep down the rabbit hole you want to go?.