It is customizable. Edit->Settings->Set Info Text...
Sorry, I wasn't clear. I realize it is customizable. What I meant was it would be nice if the IPTC field values displayed were editable. So if the Headline displayed was Soccer, I could edit it and change it to Football without having to open the IPTC Info dialog box. In programmer speak, the IPTC field values are displayed as text, why not display them in an edit or text box?
Deven
Deven, if I read you correctly, you'd like to be able to directly edit “inside” the info text, that is where a variable is placed you'd like to be able to directly edit its value. This sounds great. However, I don't think it is really feasible; for one, not all variables contain writeable values and what if instead of a straight variable one used a code replacement or a substring selection? This would become quite unpredictable I think.
But thinking about this a bit more, I think you are actually looking at a new “mini IPTC info panel”
This I think should be feasible, but will require additional work from the developers. So not likely to be part of PM5.0 (5.1 perhaps?)
Cheers,
Hayo