A little thought in regards to the rollout of this plugin and the demise of Ultimate TinyMCE would have saved me (and I am sure many others) a whole lot of time.
You could have pushed out an update on the Ultimate TINYMCE that notified users that it was not compatible with wp 3.9. Not all of us want our dashboards clogged up with plugin blog posts.
My experience: yesterday I started noticing that my Connections and Events Plugin front-end listing creation page forms would not move between text and visual. I attributed it to issues with these plugins and the 3.9 update and needlessly wasted my time and the developers time looking into the issues.
Until this morning, when I went to change a couple of posts and found that the visual editor was not displaying properly did I figure out it was Your UltimateTinyMCE plugin causing issues. Overall, you wasted a good 6 hours of my time. Thanks for that.
Regarding your new plugin...you removed a whole bunch of features. And I removed both of your plugins.
Ultimate TinyMCE and your new WP-EDIT are Gone, Gone, Forever Gone from all of my wp installations.