Bulleting would be really nice, and make me make better 'ibles. As a long time member and contributer, since September '06, racking in 65,000+ views, I feel that I had earned those features, and having them taken away is kind of a let down...
Don't get me wrong, I do not want to sound ungrateful, instructables is one of my favorite websites, perhaps you could add a few other features instead of taking others away?
A new features feed, alongside featured and popular, PRO activity. A quick glance at the recent feed shows that they are less common than featured... I'd pay for some extra publicity!
Higher quality resolution images uploads
Stock images: Pictures of common items maybe? Would save you some bandwidth as well. I'm thinking tea kettles, pots, pans, soldering irons, sewing needles, etc. Pro members could submit their own photos(, and if they pass through moderation,) every say, 10 images nets them another patch to give out! This makes it easier to make instructables, eliminating alot of the materials step potentially, and letting users access good, clear images with greater ease.
These are just a few ideas, and replacing the standard features to the every day member.
One more thing, God forbid, you take these ideas while retaining the standard features: I may just quit :P
All in all, I am an instructables lover, just these new changes are slightly irksome.