Jami asked: This may be a topic for another post, but what about the actual formatting of things? There's so much conflicting information out there as far as Times New Roman vs. Courier New, underlining vs. italicizing, etc.
I think Courier is very ugly, but I'd never reject because of that font. And underlining is a holdover from typewriter days, when you couldn't italicize, so I prefer italics. But really, that's not important, and neither says much about the writer as a writer, the way, oh, headhopping does, or being boring. :)
So I'd just ignore probably. If I got the submission as an emailed document (not paper), I'd very likely change the font to TNR or something I like better-- I really, really hate Courier, especially the light version-- which will mess up the pagination, but none of this will matter much in my consideration.
The reason, I think, many writers choose Courier is because it's, geez, I forget the term. Proportional? And that's kind of irrelevant these days, at least with electronic submissions, as font can be changed in an instant, and anyway, the typesetter doesn't care-- the ms will be transformed into whatever is house-style. So don't use Courier just to be proportional-- unless the publisher specifically asks for that.