While trying to fix #2696, I decided to redesign the implementation of the FormattedObjectGraph to make it easier to understand.

Fixes #2696

IMPORTANT

• If the PR touches the public API, the changes have been approved in a separate issue with the "api-approved" label.
• The code complies with the Coding Guidelines for C#.
• The changes are covered by unit tests which follow the Arrange-Act-Assert syntax and the naming conventions such as is used in these tests.
• If the PR adds a feature or fixes a bug, please update the release notes with a functional description that explains what the change means to consumers of this library, which are published on the website.
• If the PR changes the public API the changes needs to be included by running AcceptApiChanges.ps1 or AcceptApiChanges.sh.
• If the PR affects the documentation, please include your changes in this pull request so the documentation will appear on the website.
  • Please also run ./build.sh --target spellcheck or .\build.ps1 --target spellcheck before pushing and check the good outcome