As of version 2.0, PHP blocks are possible. I will be providing block details for various blocks here. Here are the first couple: [*]Today's Top Posters [*]Pinned Topics
Global Settings include: [*]On/Off [*]Show on Portal [*]Show above default portal blocks or below [*]Can change position of all custom blocks via the drag/drop reordering of the ACP->Manage Hooks page (and further ordering via the custom blocks themselves) [*]All blocks are completely sortable now with new Export Block feature
The new setting which turns off the IPB editor is to avoid parsing issues with PHP and RAW blocks. If you want the editor so you can make bbcode blocks easier, feel free to enable.