You can easily insert bold, italics, lists, images, quotes, and links again! Yay!
Caveat: If you edit a post, it'll break the comment box at the end of the page until you refresh the page. It's a known bug, but I didn't think it was bad enough to hold off on deploying it any longer.
For those lacking a firm grounding in web slang, WYSIWYG (pronounced "wizzywig") = What You See Is What You Get.