You have control over font sizes and colors!
Bold Italics and Underline are all doable.
retarded smilies are all there.
Links auto parse: www.photonlexicon.com
And the clincher, attachments, finally. Just click the paperclip.
Inline remote images
Its also a WYSIWYG editor, you can format before during and after you write the text.
Yea.... You got stuff.