We have proof that "Raw Text" is confusing to people, perhaps because it is simply not accurate.
A raw cell is always raw nbconvert *output* (html, rst, latex, etc. - it is never plain text).

Many people interpret 'Raw Text' as 'Unformatted Text', aka `<pre>`, which is totally sensible based on the label. But this is not what Raw Cells are. Raw Cells are, by definition, raw nbconvert output.

Obviously, there is some ambiguity between Code Cell output and nbconvert output, but I think Raw Output is less confusing than Raw Text. Do you have a better alternative? Should we be extremely explicit and label them `raw nbconvert output`, since that is what they are?