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I'm attending a session about SQL Server Reporting Services 2008 where I've seen one of the mostly wanted missing features of previous versions of Reporting Services: it is the Rich TextBox component, that can embed placeholders to compose text with data producing reports for contracts and documentation.
The RDL still maintain a complete separation between text and data (and formatting!) so it is a nightmare to write by hand (but I don't know anyone designing reports in RDL) but very good for a report designer to manage. Some more issue if you already have your own format for a "mail merge" text, because you have to parse your text and covert it into a more structured RDL, but it shouldn't be so hard to do.
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About Marco Russo (SQLBI)
Marco Russo is a consultant, writer and trainer specialized in Business Intelligence with Microsoft technologies.
He runs the SQLBI.EU website, which is dedicated to distribute resources useful for BI developers, like Integration Services components, Analysis Services models, tools, technical information and so on.
Marco is certified as MCT, MCDBA, MCSD.NET, MCSA, MCSE+I.