Well, Yes Of course you can format text in the Project Management Application. We have made it simple for you to format text using the Textile WYSIWYG (What you see if What you get) Editor.

To learn more about formatting using Textile, you can visit their website here, http://textile.thresholdstate.com/

A brief introduction to the Textile Commands are listed below for reference,

Phrase modifiers:

_emphasis_
*strong*
__italic__ **bold** ??citation??
-deleted text-
+inserted text+
^^superscript^
~_subscript~
%span%
@code@

Block modifiers:

hn. heading
bq. Blockquote
fnn. Footnote
p. Paragraph
bc. Block code
pre. Pre-formatted
# Numeric list
* Bulleted list

Links:

"linktext":http://…

Punctuation:

"quotes" → “quotes”
'quotes' → ‘quotes’
it's → it’s
em -- dash → em — dash
en - dash → en – dash
2 x 4 → 2 × 4
foo(tm) → foo™
foo(r) → foo®
foo(c) → foo©

Attributes:

(class)
(#id)
{style}
[language]

Alignment:

> right
< left
= center
<> justify

Tables:

|_. a|_. table|_. header|
|a|table|row|
|a|table|row|

Images:

!imageurl!
!imageurl!:http://…

Acronyms:

ABC(Always Be Closing)

Footnotes:

See foo[1].

fn1. Foo.

Raw HTML:

==no <b>textile</b>==

notextile. no <b>textile
here</b>

Extended blocks:

bq.. quote
 
continued quote
 
p. paragraph