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I too share your frustrations with the use of the emdash (as well an the endash.) I tend to format the emdash with a space both before and after the emdash. It was the house style at a publisher I worked for in the early 70s. In many ways the publisher predated the modern electronic reader in that he did not like breaking words at the end of the line even if it resulted in excessive spaces in a justified line. (He also experimented with ragged right formatting for a while.) We also used full lines and never wrapped the text around graphics. (A lot like I format my ebooks posted here.)
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