You can now use a closing tag, so you can have text after the cut. You can also have multiple cuts, and the link takes you to the proper paragraph.
firinel rocks and has improved my lj-cutting, of which I am very fond.
firinel also is interesting posts, is I think Brittish, and has provided useful tidbits about homeschooling which were unknown to me who ignores the world.
So everyone should use the /lj-cut tag, just for fun, and should applaud firinel just because I'm a dork and say so.
This concludes the sample/test of the feature.