Uhh... I am a huge linux noob. I have no idea what modal or chorded means, unless it's similar to unimodal/bimodal, like in statistics, or chords like in music.
Chords like in music. Most programs we use have hotkeys, where you chord together keys together to perform a command (i.e., ctrl+alt+del, or ctrl+s). That is the convention Emacs follows.
Vim, on the other hand, is modal; it does not have hotkeys per-se. Rather, it has several different modes: command mode, insert mode, and visual mode being the most used. Vim is normally in command mode, where every key on the keyboard performs some operation. When you want to enter text, you enter insert mode (usually by pressing 'i'), at which point every key becomes a standard text-input key. Pressing escape pulls you back into command mode. It is sort of strange to explain, since this type of command scheme is so uncommon.
But what in the world is it used for?
Powerful, efficient text input and modification within a terminal. Vi (the more primitive predecessor to Vim) is installed by default on nearly *nix system, so it is a handy tool to know. And once you reach a certain level of expertise using it, you become the Kwisatz Haderach of text manipulation.
The non-bearded would be best served by simply ignoring its existence.