Add ability to set text colour

When writing my latest posts about papercraft MX-5s (NWM thread and Chat thread) I wanted to emphasize that the NC download was green and was hoping I could do something like this:
[color=green]NC[/color]
or
[color=#00ff00]NC[/color]

Sadly this was not the case but upon further reading I could this:


Is this something we could add?