This post is written with the use of Windows Live Writer, a desktop application program for editing and posting posts to your Blog.
It integrates with Beta Blogger. I can download any post from Blogger into WLW, edit it, and post it again.
I can add hyperlinks, pictures, and even blockquotes. And it really is WYSIWYG.
It has the possibility to edit html as well, so I guess it is a powerful tool for you bloggers.
There is one problem: I can't add Blogger Labels.