It's a step in the right direction, but in my humble opinion is light on courage.
I think "bold and italics should //be" should be "bold and italics should //be \\". Otherwise, how is that line break supposed to get in there?
Is there any compelling reason to allow \\ in the middle of a line, rather than requiring it to be at the end?
I don't think that a source linebreak in a list item should force a new paragraph - that defeats the ability to edit in a normal text editor without long lines.
It felt to me like we had broad consensus to require whitespace after bullets.
Also, some time soon, we need to take a hard, critical look at the incompatibilities with the current Crossmark draft spec.
-- RaphLevien 2007-01-10