There aren't many details on how to exploit this, but structure is there for you to separate the code as you need. You have to be careful how you use the structure, and in the spirit of Node, you do the work on your own -- it's up to you to avoid any traps. A mojit on the server won't be able to manipulate a DIV on the client, for instance. It's worth noting that one recent project, Opa, promises to use the compiler to make automated decisions about where the code will run, but that level of hand-holding isn't provided here.
The Mojito framework is also designed to be smart about devices; to be more precise, it's designed to help you deliver different code to different devices. If your website visitor is using a smartphone, for example, the framework can dispense a different View built with a different template and a different set of local functions. This device sensitivity is essential these days, and the Mojito team was smart to build it into the framework itself.
Your Web application's events and much of its structure are defined by JSON files. I guess these are a step up from the endless opening and closing tags in frameworks like Struts that were built when XML was hip, but I quickly grew tired of hitting those quotation keys all of the time. Someone is bound to write a nice Web interface to these files so that we don't have to add so much glue punctuation. One version of my code crashed until I counted the curly brackets correctly, a task made easier by a parser that issued intelligent complaints about the mismatching.
Your affection for Mojito will depend on your affection for YUI. It's much simpler to use YUI widgets in the layout of your Web page because YUI is baked into all of the layers. This is largely a stylistic decision because the YUI has most of the functionality you might desire. It's fully formed and ready to go. The look and feel, though, may or may not be what you like. Some people assert that Yahoo Mail is the best out there, but others disagree. If you like Yahoo Mail, you'll probably be happy with what you create with Mojito.