Found this very nifty WYSYWYG text converter that will take your formatted content and give you the proper HTML coding to reproduce it. It even will build a table for you.

http://www.coshed.com/generators/text-editor/

Thought it might be useful in building forum descriptions, announcement boxes, etc, for those board owners that struggle with HTML syntax

That's pretty cool! Even thought it's made for MySpace, I can see how it might work for IF. Nice :d

That is good! I never thought of using the myspace generators for that purpose.

It uses the RBG color codes, which I would assume would work just as well as the hex or accepted color names. Oher than that, it seems to be straightforward HTML.