Formatted Text Editor - Doesn't save style

But, I can't save the colors. I see many threads around style and this editor. Is this a known/accepted issue?

I've also opened a support ticket because I cannot unhinge the Formatted Text Editor from the form. What I mean is I can no longer save edits to the form if I try to change even the label of this type of element, or if I try to make it just a textarea.