While I think the bold text looks better overall, I think the potential benefits of allowing bold and italic tags far outweighs the benefits of the all-bold look. And I'm still not sure whether I like the bold because it's better or because it's the way things have always been.
I love the rounded corners, especially the two-pixel one. How would the two-pixel border look on non-bolded text?
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"Oh, look, a joke! How original! Thank you, but if I wanted my emotions stimulated pleasurably, I'd get a whore." - Donald B. Jones III