Although the text has come some way from where it started i think it could do with some inline styling.
For instance if i have a sentence and i want to enhance one word i would have to have 2 or 3 text elements to achieve this sentence “by being Bold makes it stand out”
So if we could have some of the basics i think that this would be good something;
Bold
Underline
Italic
super script
sub script
How this would be implemented would be like html or any rich text editor, something before the word and something after the word directly in to the text of the text element.