Proper typographic control of text with style sheets
I think what is missing is basic typographic control of text, being able to set things like ‘space after’ paragraph, widows, line spacing as pixels, indents etc
And to ensure consistency, Text paragraph style sheets are a must.

I wanted to let you know we have just released our new text editor.
Our robust new Text Editor offers smarter and faster text editing, accurate typography, quick styles settings and cleaner code generation, complying with the latest W3C standards.
Customizing Typography Is Now Easier Than Ever:
The New Text Styles Properties Panel allows you to customize typography with tools such as Text Indent, Letter Spacing, Line Height, Uppercase Paragraph Margins and more. Select your fonts from an extensive list of 600+ NEW Google Web Fonts, and easily apply colors using the new enhanced Color Picker.
Applying Text Styles Throughout Your Website:
The new Text Styles window allows you to quickly set various typography styles. With just one click you can efficiently apply, reuse or change the text styles throughout your website.
For more info, check out the tutorial video:
http://participate.webydo.com/knowledgebase/articles/174197-the-text-element