Version: 1.2.3 (using KDE 4.4.1) OS: Linux Installed from: Fedora RPMs ANSI escape sequences control the formatting of text. I come across them a lot in the channels I visit, and it's annoying to see a bunch of gibberish instead of the formatting. An ANSI escape sequence begins with the escape character (U+001B) and a left bracket ([) (it can also begin with just the character sequence introducer, U+009B). It then goes on with a code of some sort for stating the purpose of the sequence (see http://en.wikipedia.org/wiki/ANSI_escape_code#Codes for a list) This would allow for proper formatting of text, and possibly rich text editor functions later on.
Konversation presently doesn't have ANSI escape sequence support, but only support for the mIRC color and formatting codes more commonly used on IRC.