It works in m$ office apps, but not across Windows; if I open gmail and paste formatted text from the clipboard it still retains the formatting rather then pasting as plain text. I just use notepad++ or notepad anyway. Who has time for M$ word/excel bloatware?
Another cool tip is Windows + V to bring up clipboard history (past 25 copy selected text or images to your clipboard). Also the Window + Shift + S for built in screenshot tool.