I have been working with Drupal since its 6th release, and one of the reasons I love it is due to Views. In all the websites I've built using Drupal, Views make up 80% of the site structure. I am familiar with what each View does and where to find it.
However, I have always been puzzled by the presence of direct edit links for both Views and blocks in the theme region. At first, I thought it was related to the version of Views, but later on, I realized that this was not the case. Despite my knowledge of the Views I had built, I did not pay much attention to this as I did not need the edit link in the theme.
Today, I encountered a project where Views were built by someone else and the number of Views was over 300. This confusion led me to the solution.
If you are in the same boat as I was, you'll be amused to know that it is a feature provided by the Drupal core module - Contextual Links. It is so simple - just turn it on and both your Views and blocks will have the added convenience of an edit link.