I use this feature ALL the time in various Windows apps and it's super convenient and time saving. Very annoying that it doesn't work in Evernote. It's not just bullets - select any lines of text and move them up or down while preserving formatting. This last part is key. In Word and PowerPoint for example, if you use cut and paste, the default paste action adopt the formatting of the paste target paragraph. Nine times out of ten you don't want that - you want to keep the formatting you had. So, ALT-SHIFT plus arrows to move stuff quickly up or down. game changer.