Granted, I know that IBM Verse is only in beta, but Mitch helped me test to see if the graceful degradation that is needed for both GMail and Outlook is also necessary for IBM Verse. Note that the bullets in both Notes and Verse show up with the embedded graphics, unlike Outlook and GMail. (Note: To be fair, Outlook and GMail do slightly better with the padding of the margins.)
From Verse beta (courtesy of Mitch Cohen)
From Notes 9.0.1 client (rendering the MIME, not showing the rich text)
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