So i'm not sure if this is possible but can a WYSIWYG editor be put in for forum signatures.
The support for this is already there it's just missing the editor
(as you can see here)
http://networkstudios.tv/community/modules/boonex/forum/#topic/Hi-Everyone.htm
This is what i had to put in the signiture:
Regards,<br /> CloudTheWolf<br /> Co-Founder, CTO, Systems Administrator and Lead Developer for Ne0twork Studios!<br /><img src="http://yt3.ggpht.com/-9CTRc31KR-o/VC0V49GQ1wI/AAAAAAAAARI/Yonv99Af3-M/w1060-fcrop64=1,00005a57ffffa5a8-nd/Channel-Art-v3.png">