Flexible text for the sequence editor

I would like text in the video sequence editor to be more “malleable,” like the 3D text object. Particularly:

1. Multi-line support, and possibly
2. Multi-font support.

Perhaps the text strip could be [optionally] linked to a text data block, thus keeping a small properties editor style interface for the strip. This text to block link may later carry over to the 3-D text, but probably not for now.