pretty well much. but the plain steel seals are a lot cheaper than the older hardened things they used in previous engines. and no chatter marks being left in (epi?)trochoid means no expensive housing to rebuild/replace. those apex seals really suffer, and dont have a self sealing effect like standard piston rings have. up to a spring and centrifugal force to do the job.
then theres the whole combustion area shape that has really bad efficiency, hence the twin plugs normally seen in rotors, and the five throttle cables used by suzuki when they made their rotary bike... they had to figure out a way to give compression braking. by seriously advancing the ignition when the throttles released. not an issue on a car but a bike is a bit different...
they use oil. another bad thing.
spark plugs have to sit in an awkward place which again, reduces efficiency.
popular in light aircraft. small and powerful, simple to tear down for the mandatory service schedule, smooth running, and the seals etc last virtually forever when they only do one speed all day long.
but still, i would love to have a small one regardless! bwap bwap bwap bwap...
felix originally designed them as compressors...a job they do really well. also very good as steam/compressed air motors as they can be double acting.