It's nice to see multi-level lists available in Text and I'm looking forward to trying it out on a future project to see if it's finally worth doing our general notes within Revit (instead of linking in an AutoCAD dwg). However, we often have 4 levels in our general notes, so we use roman numerals for the last (requires a workaround in AutoCAD: bullets off, manual numbering, followed by space and tab).
Control over hanging indent may or may not be needed, depending on what other features would be added.
Also, we would need custom tab stops (with leaders would be even better!) to avoid having to tab multiple times to get the right-hand side to line up (or split the text into multiple overlapping columns that need to be manually aligned with line returns).
Wouldn't it be nice if Revit actually surpassed AutoCAD in text-handling capabilities by adding roman numeral lists and tabs w/ leaders?