Under 'Text Format' there is now an option 'Visual Editor', which brings up...a visual editor, with WSYIWYG style editing.
There's also a few fun
formatting features like shown.
- Some of them are lists.
- like so.
And externally hosted images.
Give it a whirl. If nobody breaks anything in the next week or so I'll make it the default editor when you start or reply to the post.