What I actually had in mind was the ability to change text colour, font, possibly formatting (i.e. left aligned, centred, right aligned, etc), and possibly the ability to embed images.
Good because that's the kind of features I actually wanted. Oh well, that's not entirely true. What I had in mind was an edit control with these features, not a static text. More like a rich edit control or something.... but that's a step in the good direction.