A family of Microsoft relational database management systems designed for ease of use.
Daniel's quite right about the corruption issue; I've had Memo fields corrupt databases several times.
But another issue is that Long Text fields have some limitations. They cannot have a Format property (without being truncated to 255 characters); and they cannot be indexed, making sorting and searching much less efficient. On a real-life note, a message over 255 characters invites skimming rather than reading carefully.
If you NEED long text, by all means use it. Back up frequently; use a linked separate backend just for the long text if necessary. You just have to know the limitations and live with them!