When I am trying to mark-up text quickly, I want to be able to insert a tag (and have it auto-close, and then drag the text inside the tags. The current implementation of the web editor window does not let me do this. I'm used to this functionality in most text editors, so I find myself cursing at the screen every time I try and drag highlighted words, then mutter unintelligibly as I press Ctrl+X Ctrl+V. People are starting to talk...
This works for me, so it's possible that the functionality was included in a newer release of the Ace Editor we use. Jared if it doesn't work for you feel free to re-open the bug. Note: It seems the delay on the drag start event is about half a second.