Color works, but you have to click on your color choice and then put the text BETWEEN the two BRACKETED boxes.
Pictures are posted similar to the old way. You click on Image and it should prompt you for a URL. At this point, you still have to have the image uploaded on a web server. We are trying to see if it is possible to use a point and click image upload type of system where the software looks on YOUR hard disk, you just find and point and click on the file name.