On a computer, I personally use cut quite often. I've always wondered why Windows Phone never had the option when they added copy and paste. I don't really mind not having it, just curious. What about you?
I think its better like this since you won't waste screen space with the extra cut option.
I don't miss it. Doing a lot of editing on a phone is tedious anyway, so for anything where cut is going to become a major timesaver, I wait until I'm on a computer.