I know that said that forumtext isn't going to be a thing anymore, but what about a few fixed options? Even if it's just something like small/normal/large text and left/center/right/justify alignment would be nice. I'm not all that for colors since the generic type ones can be uncomfortable to read, but I'd at least like a few options to change our text to go with the image thing.
I'd like a few colour options to pick from (like a set shade of blue, green, purple, pink, or whatever), rather than the font size (as some fonts in certain sizes can be way too small for me to read).
....but to be honest, I'm not overly fussed either way, as long as we don't end up with fluorescent green tiny fonts that would make it impossible to read what was being said ;)

[User=Keith] specifically took away the ability to left/center/right alignment because it made the forums hard to read since there would be five posts with center alignment and then posts that didn't have any alignment.
You can manually still center your posts, but isn't going to encourage itit.
As for colors, if you read over the forum thread in Site Feedback, Keith has mentioned allowing colors that would be gained through achievements or something along those lines.