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Surely you realize that italics was just an example. The point is that formatting and typography is often important to the work, and should be preserved.
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I don't want to get into argument over this. I think you are trying to make it more complicated than it needs to be. I believe we were talking of novels and the average novel, even a scifi, does not have a need for special formatting or typography beyond italics and capitalization for emphasis. In fact, I can't think of any novel that needs more than that. Perhaps my experience is limited. I'm simply trying to help the OP with preservation goals. I don't know if RTF will be available 15 years down the road, but I know text format will be.
My own goals are different.