IMHO they missed the fact that power users would have preferred the old behavior and didn't provide the opportunity to switch between the two behaviors
Do you remember Skype? Everyone used to be on Skype. Who uses Skype anymore today?
I get little pangs of dread a split second before I realize I'm about to have to spend 10-30 seconds figuring out new formatting since it shipped.
And as a response, I'm less reluctant to use it, meaning my messages are less detailed, meaning longer conversation, less precision.
It's a "convenience" for non-power users, on a feature only used by powerusers