I don't know why but FreeTextBox has just never cut it for me. It's wonderful and easy to install and it comes as a nice control in a .NET assembly. But it doesn't give you the nicest HTML back, in fact I'd go as far as to say, it mutates GOOD HTML you put in there yourself, this is bad. Luckily there are some other free alternatives such as TinyMCE, which is a nice little editor. The only catch is it's pure javascript and requires a little manual intervention to work with your serverside code.
On a...
Although this is not new news (released November 2006 I think), I'd like to point out how cool having Python run ASP.NET is. I don't actually know how to program python...yet...but programming Python appears intuitive be nature. To get an HelloWorld IronPython ASP.NET application running, it took me all of about 5 minutes, 3 to download and install the add-in, 1 to open Visual Studio, then another minute to type in some stuff and run it. Sweet. At this point the intellisense has nothing of your other standard languages like C#, but I'm sure that's coming. One of the biggest issues...