Master slide : Bullets disappears on placeholder text

I've just discovered this issue, too, and agree 100% with Seth. Using bullet points is a pretty basic formatting need and I'm astonished that this feature doesn't already exist in SL2. I'm a nut for consistency and efficiency and, although I don't need bullets on every single slide in my project, it's a major pain to have to format any slide individually--it completely defeats the purpose of having a Master Slide. Also, the Format Painter doesn't seem to work across slides for formatting bullets either!

All that said, I submit feature requests on a regular basis. I'm curious about what the implementation timeline is for adding new features? As I read through these forums, I see posts from as long ago as four years that ask for useful and basic features that are not yet implemented. Just wondering.