Conditional formatting

I've read a few of the discussions on conditional
formatting, but I haven't seen one possible route to
solving this puzzle mentioned.

If cells can contain RTF, why not just make it
possible to insert formatting codes (eg \b{} \i{})
into an RTF cell?  That is, if you want a cell to
display the value in A1, and make it bold if it's
greater than 10, you could use


I'm sure I might be overlooking some reason why this
is impractical or impossible, but I just wanted to
make sure.


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