There are several handy new features in the Format menu.
The new Style submenu has replaced Presets. The main difference is that Scrivener now remembers which style was applied to a block of text and allows you to automatically update all affected text blocks when updating a style (much like in Microsoft Word). Styles are also available from the same location as the old Presets drop-down menu in the Format bar.
Pasting Paragraph Attributes
You might already be familiar with the Format>Copy Formatting/Paste Formatting commands (which copy both the character and paragraph settings of the selected text), or the Format>Font>Copy Font/Paste Font options (which copy only character settings), but now there’s a new set of options that makes it easy to copy and paste only the paragraph attributes (e.g. indents, line spacing, before/after paragraph spacing) without grabbing the text attributes (e.g. font, typeface, font size). You’ll find the new paragraph options under Format>Paragraph>Copy Paragraph Attributes and Format>Paragraph>Paste Paragraph Attributes.
The image below shows examples of the three different types of formatting applied when copied from the document on the right.
Setting Default Formatting
The Format>Make Formatting Default option provides a quick way to make the format of the currently-selected text in the Editor the default for all new documents. You can choose to have it apply to the current project (same as Project>Project Settings>Formatting) or to all projects (same as Scrivener>Preferences>Editing>Formatting).