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Yep. It's still useful perhaps, if you've spend ages constructing a thread with images and alttext, to be able to edit and repost a fresh version - especially if you spot the error quickly! But it has to be as if it were a new post.

You seem to confuse not broken for your personal preferences and not broken for others. This is just a suggestion, but my experience is that if I don't want a feature I simply don't use it instead of whining to people about it. It works and it's less effort.