You've always been able to insert pictures with or without frames and without using Photoshop.
I'm sure they are - and have been for years. I'm not sure what you think MS should do about it though, as there's really no way any application could know what the user intends to happen to content positioned after the point where an edit is made. If you want to be sure the layout of particular portions of the document don't change, you can always insert page breaks and/or Section breaks before them.

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Cheers,
Paul Edstein
[Fmr MS MVP - Word]