Changing the nomenclature from watermark to placeholder to follow HTML5's lead (watermark considered archiac)
Changing Value property to Text and working out most of the kinks related to that so hopefully it's a little more intuitive to use (although this does break the designer mode)
Adding designer property hints for categories
Removing caret designer properties (since they're a runtime thing, not a design time thing)
Fixing designer mode so it doesn't populate text/forecolor properties incorrectly
Fixing the not-use-placeholder mode