MTRecentImages honors text formatting plugins
After doing a little bit of digging, I found out how to get the formatted version of an entry (rather than the raw version that I was previously using). What this means is that you can use MTRecentImages regardless of what kind of text formatting you wish to use. I am partial to MarkDown, so I am happy about this fix.
There are no syntax or usage changes with this release, only increased functionality. I have also verified that the plugin works with Movable Type 3.0 and higher.