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The new hyperlinks command menu is awesome allowing you to insert <a title> tags right when you create the hyperlink.
There are many other little things that have been added or corrected from previous versions. I waited about 6 months before moving from FP2000 to FP2002. Wanted to let everyone else deal with the frustration of a new MS release and then wait for the patches!
Oh, most definitely! The formatting menu (upper left corner) contains all of your styles separated by character or block level elements.
I use the FP interface to hand code all the CSS and format it the way I like it. I've never used a CSS editor so I don't know what I'm missing. It takes me a whole second or two to make CSS changes!
XML? Ha! Right click the page while in html view, click on the Apply XML Formatting Rules and viola, its done. But, you need to make sure that your html is properly formatted before you make the conversion!
Quick FP Tip: You should work with your show all ¶ selected (Ctrl + Shift + *) as this works in conjunction with the Reveal Tags option (Ctrl + /). It doesn't get any better than FP! ;)