Agreed, from my observations with version 2.6.3, native ogg tags are not read in the annotation editor. You can add annotations from the Library but it does not write the changes to the individual ogg files. The descriptions are instead stored in a single LimeWire file that isn't used by other applications.

However for mp3s, LimeWire reads the ID3 tags and writes directly to the individual files. I would like to see ogg tag support in LimeWire, since I can't edit ogg tags in my Audion player either.