It does, but it requires a different modem firmware than the one that comes with OpenWrt out of the box. There's a few threads in this here forum about it.
It is fine, at least with 21.02. I had a few issues with 19.07 where once in a while, after a few months or so of uptime, it would just stop routing and needed a reboot. This seems to have all but disappeared with 21.02. It has been running stable for me for months (the reboot causing the rather measly 5-day uptime in my screenshot was deliberate.)
Yes of course, as long as you don't expect too much throughput. I didn't try it in a while because I switched to WireGuard on all of my devices, but I seem to remember that OpenVPN tops out at a few mbit/s. Certainly enough for SSH access, but maybe not enough to use it for HD video streaming.
However, I am not sure if much else besides the base system will still fit into the default flash, it's rather limited at 8 MB and there will be not much space left. It may require building a custom image with the packages baked into the compressed file system.
Oh, it performs okay on a VDSL line. After all I'm using it on a 100/40 line right now, which is just about the maximum of what you can expect: simple routing, no QoS/SQM. It's not great but just about good enough for that purpose.
I should also mention that I am not using the Wifi on the device, mainly because it doesn't do 5 GHz (the WAVE300 chipset is not supported in OpenWrt, not for the lack of trying). It is just serving as an edge router for a few decidedly non-powerusers. (It's not at my home where I run a bit more powerful hardware.)
Also, no, I am by no means praising this device. However, all of the OpenWrt devices with a built-in ADSL or VDSL are based on the very same XRX200 chipset, and they all perform exactly the same. If you want a built-in modem, for the foreseeable future this is the maximum you can get.
You are perfectly right. But this is not a TP-Link forum for "average consumers", is it?