Was removing our ability to change the colour of text a mistake or intended?

Asking on behalf of those of us who use colour coding in Challenge posts to designate things like PTW v completed. Or to separate information sections at the beginning of a Challenge.

And if it was intended, can we please please please have it back? It's a very efficient way to organise info - one challenge post serves very well as a compact PTW for movies for me, but only because it's colour-coded. (Links to examples, and didn't there used to be a really easy way to Unlink/remove a link from words?)