Would really appreciate a [width:in] formula tag so i can callout different dimention values in the template properties


Yes and I'd like the ability to truncate the values from the formulas that appear in there to 2 decimal places
Yes!
Yes, we have all of this in the next upcoming release.
1. If you insert [Width] it will automatically truncate at 2 decimal places.
2. If you insert [Width:Format] it will format such as 5' 6", etc.
3. If you insert [Width.FT] or [Width.IN] it will insert the specific value in that box. To be clear, [Width.IN] will only enter the actual value in the inches box, not the converted value in inches. So for a dimension of 5' 6", then [Width.FT] would be 5, and [Width.In] would be 6, and [Width:Format] would be 5' 6" as text.
I will also add that there will be a new true "Formula" mode which you can call functions more similar to Excel or like in Formulas. The current "Formula Mode" in the name will be renamed to "Text with Tags" since it's basically just a text replace. True formula mode in the name (in the new version) would become something like:
concat('Some Text: ', [Depth:Format])
In this case you will have more control over formatting, etc. using functions.

EDIT: Also, there is an "Auto Name" capability where a takeoff can concatenate based on all of the child items. Some users do takeoffs more from the item level, and this will make so they don't need to worry about the name of the takeoff. Just add items to it, and if they use item reports, the takeoffs name themselves.

fantastic!