>When you are typing or pasting code into a message on UT, I wish there was a way to select the code segment, and then click a button in some toolbar to have it automatically wrap the "< PRE >" and "< / PRE>" tags around it.
>
>As well as the ones for italic and bold and any other markups.

That would be a bit hard to implement unless we want to use some external editor such as FCKEditor or TinyMCE.