@PinkElephant Both of these features were working fine before (v7 is still so much faster, reliable and functional than 10). You might not have used these features, but other people set-up note management systems based on functional color-coding (which will then be destroyed if they are forced to update at some stage).
If there are any coding / storage efficiencies to be gained by reducing colour options, then surely they can be replaced by a more efficient styling option - eg allowing people to pick their own colour set (even from a limited set like web safe) and limited styles (eg for links and headings at the very least). Surely that would improve system speed and reliability, as well as address many user needs?
And yikes, going out to another app just for basic text formatting is definitely not conducive to fast or efficient note / document management!