As you said, the button should satisfy both camps. I did stumble acrossed the button/popup code later last night by tracking things backwards from the database table. But I assumed it was something visible from admin or profile view and I hadn’t enabled it.
When making test edits on posts I “thought” I saw something shift, but didn’t notice the new pencil buttons… even though I had been working with the button group. *headsmack*
I’m one that happens to like the text output, but with a small font and just the last edit. It can take up quite a bit of real estate if displayed like it is in this forum. Here’s what we came up with for our SP4xx template, we kinda like it.