Andrew Svetlov added the comment:

No it shoudn't.
It works exactly as described:
Return a copy of string *str* with all occurrences of substring *old* replaced 
by *new*. If the optional argument *maxreplace* is given, the first 
*maxreplace* occurrences are replaced.
*str* is updated string and it is definitelly required.

----------
nosy: +asvetlov
resolution:  -> invalid
stage: needs patch -> committed/rejected
status: open -> closed

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Python tracker <rep...@bugs.python.org>
<http://bugs.python.org/issue16072>
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