I'm here. And I just noticed this about a week ago.
here's another way to see it. (or describe it)
Display a Query on a BO.
Edit one of the records via "Operations on Records" (an Edit button, or Edit as the default action)
In the Panel Toolbox (usually in upper right) are traversal buttons (next, prev, etc.)
You can step through the records from the grid using these buttons - no need to CLOSE and Click/Edit another record to come back to the form.
The Edit uses VIEW OBJECT, which is what the OP is referring to.