Change "Apply" and "Close/Cancel" in formatting window to "Save" and "Cancel"
If I want to choose a new/different format for a tag, I have to find it, click Apply and then click Close. It would be more convenient to simply click Save when I've selected the format I want and have the window close automatically instead of having to click Apply, then click Close. Fewer clicks = happier users. :)

Hello Reporter,
We have decided to decline this idea at the moment. I have put an item in the backlog so we can work on this in the future if we get the opportunity, but currently this is not a priority. If we do target the ticket, I will update this idea. Thank you for your suggestion, and please submit any other ideas you have.
Adam Austin
Product Manager