Fixes the placeholder text, which mas working improperly.
Added some changes that were missing in my last commit.
Removed an unnecessary condition and fixed a typo.
Fixed a typo in my previous typo fix. :)
Merge pull request #229 from wordpress-mobile/issue/162-editable-placeholder

Fixes the placeholder text, which mas working improperly.
Merged release/0.2.1 into 214-save-selection-on-preview.