It's a good starting point I guess... might at least help prevent a couple of the "I recovered my XXX wallet in Electrum but don't see any of my old transactions/coins" or "Electrum has different addresses to XXX wallet" type posts that pop up now and then.
Yeah, absolutely. I would have quite liked to see a couple of accounts at each derivation path, though - so m/44'/0'/0', m/44'/0'/1', m/44'/0'/2', for example - since a number of wallets will create new accounts like this in the background without making it clear to newbies that they are changing the derivation path. Or even better I suppose would be that if it finds an active addresses at m/44'/0'/0', to scan for active addresses at m/44'/0'/1', and keeping going until no more addresses are found. Kind of like a gap limit but for accounts.
I am still scratching my head over some of the 4.x UI/UX changes tho... it seems obvious that some of them are causing a certain amount of confusion amongst users, both old and new.
It definitely takes a bit of getting used to, but I really like the new "Advanced Preview" pop up. I think simply enabling it by default and changing the "Pay" button on the main screen to something like "Proceed" would make it more clear.