The STS allows for a 'top' or a 'left' based navigation menu for the site. We've just completed a rewrite of the underlying code to make it more efficient & accessible and to improve the basic features - top navigation can now have 2 tiers of navigation, previously only left nav had this option.
This is the full news posting. It can include more rich content, such as images and links, bold, italics etc.
It also allows for more formatting/ layout options, such as paragraphs, tables etc.
This is the full example news item. It allows for full HTML via a WYSIWYG editor, embedding images, links etc. Registered users of your site can post news if given admin level access.