Edit - This has been changed to just italics, bold, underlines and fonts. No text sizes or colors. I think it'd be a nice feature to make our statuses look a little better.
I will remain neutral. If you wanted to use another font you could always search up online fonts, then just copy and paste it onto your status.
Huge fonts and colorful text just doesn't appeal nor belong everywhere (Yes if you used it right it would be an improvement, but lets be honest the age-group, for the majority, would go a little overboard), I think keeping those strictly to posts is best.