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This bug in in the released versions of OmniWeb, and 5.5 still exhibits the bug. When viewing bookmarks, a drag and drop will COPY a bookmark instead of MOVING it.

1) Open bookmarks. Go to Favorites (for instance).
2) Drag a bookmark to another place in Favorites. Don't hold any keys down when clicking, dragging or releasing.

:-( Actual behavior: a new bookmark is created at the dropped location.

:-) Expected behavior: the old bookmark is moved to the dropped location.