Sorry to take this even more off topic, but with the new way the bricks are in retail, you pretty much can't make an editor wand that will do everything that the current one does. Bricks can only be rotated by 90 degrees in retail so rotation's out, no scaling I don't believe either.
But I do believe that there will be some type of create your own brick mod in the future, one that allows you to create a brick in game much like the ldraw brick creation tool works. This is only speculation at this point though, about the ldraw brick creator, depending on how badspot structured some things.