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Allow configuration similar to Manage Display for File and Image fields to choose a Media View mode for embedding in a rich text field a.k.a. view modes for wysiwyg
The Use Case: When embedding an image, we want to set attributes like alt and title.
Drupal Core provides Alt, Title fields with the Image field and a Description field with File fields.
FYI, Alt and Title fields need to be separated from the Image field. See.
It is likely that the Core issues will be resolved in D8.
For D7, we will have a work-around that uses a new module Field Formmatter Settings (once that module is ready for use).
Documentation needs to be created to help users understand how to set the Alt and Title attributes for the following in D7:
* File fields
* Image fields
* Embedding media