On converting from kbd macro to elisp code

[Herbert Euler]

I saw this in etc/TODO:

** Add a way to convert a keyboard macro to equivalent Lisp code.

Questions:

1. If keybindings are changed, the same keyboard macro may mean
  different operations.  Shall it be correct to convert a keyboard
  macro to Lisp code that does exactly the same things as in the old
  keybindings, or to convert a keyboard according to new keybindings?

2. Even if keybindings are not changed, the same keyboard macro may
  mean different operations for different major modes and/or minor
  modes.  Does each mode need a conversion?

Regards,
Guanpeng Xu

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