Well I will say that so far they've been good about addressing plot holes throughout the games. Granted with every new answer, we seem to get 10 new questions... Point is, I'm fairly certain that most, if not everything, will be addressed eventually.
Not 100% sure what the rules are regarding posting of links, so can a mod edit this if I'm out of line?
Interesting tid bit about Xemnas possibly holding back on use of the keyblade. I also think another possibility is that since terra is presumably still in there somewhere, as well as Eraqus, that they are interfering or posisbly even preventing terranort from using the keyblade, regardless of memories being intact.
Another question though, if we accept that Xemnas puts on No Heart armor, then what happens to Aquas armor? Ansem the wise and his students found it along side terranort, and given that he was the scientist type, I doubt he'd just throw away something that magically appeared on his doorstep.
Also, I'm curious if the details of that find was ever conveyed to Mickey... the Ansem reports from kh1 mention the two conversing and being borderline friends... wouldn't it make sense to tell a friend with a similar type "key" about one you found in the past, the armor, and the boy?