"WYSIWYG" editor when typing reply or creating a new thread

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Originally Posted by Optionspage

When posting messages to the forums or other members, there are three interface types available to you. The simplest of these is a simple text box, while the last is a fully-fledged WYSIWYG editor, which allows you to format your text as you want it and see the results immediately.

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Where is this WYSIWYG editor? I cant choose it from the different editor types, because its not there, neither in IE or FF..

IMO a WYSIWYG editor would be nice:)