Tag Implementation

InnovaStudio's Editor supports "tags". Their tag implementation creates a pulldown
similar to styles and fonts that allows the users to have user defined contents in the Pulldown.
We use this to allow the users to create variables in their editor message. Last Name and First Name
are represented by {%FirstName%} and {%LastName%}. So Ideally, we can dynamically define the
contents similar to:

CKEDITOR.config.tags =
[
[""First Name"",""{%FirstName%}""],
[""Last Name"",""{%LastName%}""]
];

On the toolbar, a new entry would be created, allowing one to place the Tag pull-down in a user
defined location:

CKEDITOR.config.toolbar_MyToolBar =
[
['Tags', 'Styles','Format','Font','FontSize'],
];

Does CFEditor support this? Can it be extended someohow to support this? This tag concept
and allowing users to create a customized message with variables is make or break to
migrating to CFEditor.