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Seamonkey (used to be Mozilla) has a built-in WYSIWYG HTML composer. I don't know if the people working on Seamonkey have done much with that part of the suite, but you could try it. The price is right.
I have a small suggestion, no biggie. Would it be possible for it to create playlists based on the number of songs? I'm a little OCD and I like all of my playlists to have 300 songs. I can chop and crop myself, but I just thought I would ask. Thanks for a fun program!