vi mode, arrow keys, insert mode - change in behaviour

[cb-bashbug]

Configuration Information [Automatically generated, do not change]:
Machine: i386
OS: linux-gnu
Compiler: gcc
Compilation CFLAGS:  -DPROGRAM='bash' -DCONF_HOSTTYPE='i386' 
-DCONF_OSTYPE='linux-gnu' -DCONF_MACHTYPE='i386-pc-linux-gnu' 
-DCONF_VENDOR='pc' -DSHELL -DHAVE_CONFIG_H  -I.  
-I/home/packages/bash/bash-2.05b -I/home/packages/bash/bash-2.05b/include 
-I/home/packages/bash/bash-2.05b/lib  -g -O2
uname output: Linux sphinx 2.4.20-pre2-ac2 #1 Wed Aug 21 20:50:47 BST 2002 i686 
unknown unknown GNU/Linux
Machine Type: i386-pc-linux-gnu

Bash Version: 2.05b
Patch Level: 0
Release Status: release

Description:
        Bash 2.05b introduced 'sub-sequence' support for keybindings so that 
the arrow keys work in vi insert mode. In bash 2.05a it was possible to press 
Left-Arrow, and then the arrow keys would work, but in command arrow. In 
bash2.05b, the same keysequences work, but now bash is in vi insert mode 
instead of command mode.
        I found the patch which claims to implement this at:
        http://mail.gnu.org/pipermail/bug-bash/2001-August/002405.html

Repeat-By:
        set -o vi
        Press left-arrow, up-arrow
        In bash 2.05b, bash is in vi insert mode.

Fix:
        Add an option to use the old behaviour?