Users can now split a repeating event into separate event entities (one for each repeat). This can be nice if they want to provide separate titles, times, etc. for individual occurrences in a series of events -- just create the series as a repeating event, and then split it up into separate items.
The link appears immediately under the list of occurrences, and brings the user to a confirmation page that explains what they are doing and asks whether they would like to proceed.