More Rich Text Formatting Options?

It's now June 2023 and I'm seeing Phil mentioning that the Prismic team wanting to overhaul the rich text editor as far back as October 2020. At this point in June 2023, there still is no way to assign a color to a part of the text or being able to apply multiple labels. Also, setting up the labels that are available can still only be done via JSON and not in slicemachine. It's pretty ridiculous that it's been over 3 years and it sounds like not much has changed at all. I feel like I'm wasting my time even typing all this as I'm seriously losing faith in the Prismic team to create a quality product. It's a seriously frustrating developer experience!