Is it possible to format the note so that some things are bold or italicized?
Not at the moment, no.
Is this still the case?
Notes now support italcs, bold, and hyperlinks, but not at the scripting level. The way to format text from CL is to create a variable in the script interpolate using the {#} tool. The text block you create can then be formatted in the standard note editor.
Can you give an example of what this might look like. Thanks.
In the CL:
yourText= "Your text here"
Then use the {#} button in the main editing window to insert yourText. You’ll see a teal bubble with your variable title. Highlight it and click the bold, italic, link button to change as desired.
If you paste colored text from Microsoft Word into a note, the colors are retained in the note. A serendipitous discovery.