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Gideon,
I'm not sure what you're looking for in the text tool you're asking about. But if you're using a PC you could check out either of these.
Notepad++ (free, available from sourceforge.net)
Notepad++, designed with programmers in mind, should be able to do any html/xml editing as well as straight text. It can use regular expressions during search & replace. But it doesn't offer much initial support if you're new to regular expressions. Great program, but sometimes their are almost too many options in it - let alone the plugins.
RegexBuddy (commercial software)
RegexBuddy is intended to help you learn regular expressions. Therefore it explains, in english, what the gobblydegook you just typed means - as far as the regex engine is concerned. It allows sample input to see if the output is correct. Must admit that the interface is a bit off-putting.
Barring any of the above, you could always check out Wikipedia, comparison of text editors, for a list of software.
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