I've used this for a forum here:
http://www.drumlines.org/threads/postlist.php/Board/season I use it so people can submit a Fantasy Corps while keeping all of their picks in a neat format. As you can see if you visit it, I've used extensive HTML to format the post. This still works even though I have HTML off, since the HTML is not typed in by the user, but rather passed by the script. If anyone needs help with implementing this "mod" on their site, add me to the list of people that can help!
Thanks for sharing this with us PetJosh!