I noticed that a question had been posted with an egregious spelling error in its title. A low-rep user had submitted a proposed edit to correct the spelling error. Had there been no proposed edit in the queue, I could have simply corrected the spelling. However, because there was a pending edit from a user without edit privileges, all I could do was cast an "approve vote."

This seems utterly bizarre: if I have rights to edit posts unilaterally without approval, shouldn't I still have rights to approve low-rep users' edits unilaterally as well?

Unless someone tells me that this change is by design, I'm calling it a bug.