You can smoothly go from actually dictating text to telling Docs to doing paragraph breaks, adding bullet point lists, selecting specific text, applying different text fomarts and even adding a text smiley face. Google's voice recognition and processing still remains best-in-class, so this will likely work well enough, though not all commands might be immediately intuitive -- it'll probably take a little practice before you have your voice dictation and editing flow down. Google has a full set of of the available voice commands available in its help center, or you can just say "voice commands help" to get assistance. If you're already a voice-typing devotee, this should only make things easier. You can give voice formatting a try today.