Yes.
An example would be extracting or eliminating segments from a video recording.
>> Just imagine this - you put some text on top of your video. In 5 minutes you want to move the text a bit lower.
Sure. It's understood that once rasterized, further edits are nearly impossible.
However, it's not that a similar thing is unseen elsewhere. If I delete some text from a document, save, and close the application, and in 5 minutes, I want to get it back ...
If the user wants to keep the original, they just use "Save as ..."
The added complexity of 'project' based workflows is not worth for all edits.