Use More Link title as link text instead of default variable

I misunderstood the use of the More Link title field on the block config page. I assumed, and I think others would too, that this field would be used as the link's text and not just the title attribute. This way, a user could customize the more link to say "Read more", "Continue reading", "Find out more about X" or whatever they want depending on the content of the block, instead of having all more links just say the same thing. I think this change would be a great feature, and it could default to the variable at admin/config/block/morelink if nothing is provided.

P.S. the info file contains some dead links to a non-existent module (morelink.module) and configure URL (admin/structure/morelink).