I made an animated GIF in this topic:
And it contains other useful tidbits of information.
I think the text editor definitely needs attention. One example I forgot to add is the fact that I can copy a bullet point symbol from the internet and past it into the text editor. If I can do that then how hard would it be to add that (and other symbols) to the drop down list.
Overall, it just feels like an incomplete system. Buggy and lacking features. Compared to a lot of the other stuff receiving attention I think improving the text editor gets the most bang for your buck.
Note that Autodesk did in fact split their text into two separate objects: DTEXT and MTEXT.