First off, there was a very lengthy and heated discussion a long time ago (I'm trying to find notes or something as to when/what/who) about Edit, and the consensus there was:
1. check your spelling first.
2. liberally use Preview.
3. edit allows contentious folks to play games with history.
4. think before you post.
5. own your words.
I think these are all pretty powerful arguments, but as has been noted, the topic was not brought before the community for discussion, so here we go.
There are several options on the table:
1. Full edit any time.
2. Edit only most recent post of yours.
3. Time delay edit.
4. Edit your most recent post until someone replies.
5. No editing.
I don't know if there a technological solutions that meet all of these ideas, but we can probably come up with _something_.
From where I stand (opinion time): I'm totally against it. I rarely edit my posts and do so only when I believe I am making an important annoucement and fuck it up completely. This is usually b/c of haste and that I *can* edit. If I wasn't able to, I wouldn't be so hasty and I would check things over carefully first. I never use edit to change my words and would never. I only use it to fix BBCode errors or a grossly abhorrent spelling nightmare. I would never go back to touch up a post, alter my language or <gasp> completely remove something. To me it's like speech. It came out and there's no taking it back. The best you can do is stand by your words, or apologize, or try to explain yourself or make things better, but once you said it, you said it. If I could go back and edit my words, I would probably still be dating my X. End of opinion.
When we had Limi here (community and usability expert) he basically reaffirmed my opinion that edit is bad. We should look back at history and see what other long-standing communities have done about editing. Let's examine some real world examples instead of everyone's opinion. I base d my opinion (above) on experience, history and some studies. (I will have to dig up something to back myself up.) Limi was also against Plonk, which I came around to, due to overwhelming demand and despite my better judgement. But I was not going to block consensus. If the consensus on Edit is not in my favor, I will not block it either. It's your boards!
I'm gonna try to roll the posts re: EDIT into this thread so we can be on our merry way discussing it.
~Spanky