It's unclear what some buttons mean in the project settings

[xahodo]

In the project settings window under either "status" or "importance" tab, it is unclear from a glance what the red encircled buttons in the image mean. Could something be done to clarify this?

I'm aware when you hover over the respective buttons, it shows some, rather lacking, text. It took some discovering for me to find out these buttons relate to the list above them and in what way.

Perhaps the text entry box could be moved up a bit, making room for a description of each item. The first would read "color of the status icon" followed by the selection button for the color, and the next line would read "shape to use for the status icon" again followed by the button to select a shape. Alternatively, these texts could be a button, with an image of what was selected next to them.

Another alternative: the tooltip of the buttons could respectively read "click to select color for the status icon" and "click to select the shape for the status icon". However, someone needs to hover over the icon in order for the tooltip to show up. Some people (me) don't have the patience for such. :)

I'm sorry if a mislabeled it, reporting this as a bug seemed the most logical thing to do.

[vkbo]

The text "select item to edit" should indicate that selecting an item to edit would make it clearer.

In any case, I believe this is covered in general by #2338.

These settings will anyway be redone in 2.8. I haven't created a feature ticket for it yet, but they will be replaced as part of an overall theme redesign.

[vkbo]

With the new features in 2.8, the panel has been redesigned to: