A definite improvement. I didn’t test it, but I assume it is for the same limited time as editing the post itself.
Also, I like how, after I post in a thread, I am still in the thread as before, and if I hit the Back arrow it takes me back to the forum page (or wherever I was) instead of “back” to my post composition page.
It would be nice to compile a list of the actual improvements that the great majority of everyone would agree are improvements. I nominate both of these.