Is it possible to implement the link.resegmentable property of geometrycontour tool?

selected shape shows additional handles at the middle of each segment. Dragging such a handle automatically inserts a segment. Dragging it so that it in a straight line between two points causes the segment (or two) to automatically disappear.

Is it possible to implement the link.resegmentable property of geometrycontour tool?

This is the same topic that was posted yesterday: How to add a segmentation point to a polyline like a link.