-Edit the last post bumps the thread, regardless of which user (thread owner, other users in the thread, et cetera). Maybe configurable by the thread starter?
-Edit the original post bumps the thread, with something along the lines of 'thread updated' beside the thread's name. Something like this forum:

Is this possible in phpBB, or it is something overly-complicated-cannot-be-done? What do you guys think?

