The bible is like any other story book... as long as whomever edits it has copyright privliges and has permission why not? And most people have a tendency to go by the Old Testiment and misinterperate a lot of thing in the bible. Thus it creates crazed religious fanatics *cough MSP cough* that become obsessed with it and see it as this great godly book to live by... if things in the old testement would have never changed we would all be going to hell... simple as that.
But yes, I believe, if people have the proper authority I see no wrong in editing it. If you honestly believe it has NEVER been edited in 2,000 years, you are a complete dumbass.