Currently it seems that once can use "cut & paste" to quickly move gemoetry from one shapefile / feature class to another. Unfortunately when this is done, attributes are not transferred, even if the schemas for each feature class are identical. This can be frustrating if there are literally scores of attribute fields that are assocaited with the geometry that one is hoping to move.
Currently the COPY & paste functionality allows for the attributes to transfer, but for some reason CUT & paste does not transfer the attributes. So it seems that this is possible but has been removed for some reason. I'm fairly certian this was possible in 9.3.
It would be nice to be able to do a CUT & paste operation this so that features could be quickly and cleanly moved from one feature class to another, without having the extra (and often clumsy) step of deleting a feature with identical geometry.
I assume this is done to "idiot proof" for accidental data loss, but come on, ESRI, we're not all idiots...! I don't mean that to sound snarky, but if we know what we're doing we should be able to do so quickly and cleanly, as we once were.