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It's all about re-configuring your part, which is much more likely in sheetmetal than in normal part modeling.
and the option to reconfigure a flange into a separate part in a history based system (V20 - Trad 100-102) is impossible...
With this release, parts lists have adopted the best characteristics of user-defined tables — flexible formatting and custom table styles — as well as added new features designed to make parts lists easier to customize and modify.
Editing—A new Item Number tab directly edits all item numbers in the parts list and balloons simultaneously. You no longer have to edit the balloons to change the item numbers in the parts list
You can combine multiple properties in each column, and you can add simple text strings to any column.
A new property, User Defined, can be used to create custom columns that are completely text-based, or you can combine property text and simple text.
You can now place class fit dimensions that are derived from an external text file which contains the class fit and tolerance values.
Three ASCII text files are available in the Solid Edge ST2/Program folder that provide support for ANSI and ISO class fit dimension standards.
I think 'Multi body part' is quite new to parametric CADs.