Not sure I'm using the creation of a new list correctly. If I create the list like I would in any other editor, then select my list of items, choose the bullet list icon, edit my settings, then click insert, it blanks out the originally selected items and replaces them with a single item. This is counter-intuitive to the way other editors work. It should use my selected items and just apply the bullets.
Similarly, if I create a new list (click bullet button, set parameters, add items) and then want to edit the parameters of the list, if I select the now existing list, then go back to the bullet list editor and make changes, then select parameters, then click insert, ALL of the contents of my editor are replaced completely. It seems that I should be able to edit the icons that are used or something about them, like the spacing or the color or whatever and be able to replace the list with the modified properties, but it should at least not delete all of the content of the article.
Here is an example video of the two cases showing above: http://screencast.com/t/A5HSdvCA25
These seem like bugs. Maybe the first is by design, but seems like it should be fixed. The second is obviously an error.