Slightly annoyed about this, as I do use Wordpad (it's lightweight and useful for quick notes that I want to mark up with bold and italic). I don't always want to watch Word or Libreoffice load for twenty to thirty seconds.
Shitty decision, happy to be Wordpad's one fan.
Doesn't have formatting, unless Notepad has got really adventurous at some point in the last decade or two.