A borderless window mode appears like full screen mode, it takes a tiny bit more of ram. In exchange, you get instant and perfect alt-tab capability, less bugs, and an overall more pleasant experience. You don't have to worry about accidently pressing the windows key, and you can switch back and forth between this and other applications.
it would be great if elemental supported a borderless window mode (for examples of implementation, see mass effect 2, but not 1)