Here’s what we got so far, in no chronological order: Paragraph styles, inline styles, user-definable start- and end tags, user-selectable font colors, add/edit/rename/remove styles via project prefs, project-specific style settings (YAY!), styling while typing, styling when editing.
Here’s what you’ll get with 1.0: All of the above plus highlighting with user-selectable color, selection styling (select text and apply style), full style editing from within the editor.
Max really pulled it off. Not much more to add.