Really like this as it's going to save a lot of time manually twiddling with outlines.
I would like to see a feature that can be toggled, whereby the name of the region is the first line of the region selected. Also, when I right-click there is one option, Create New Region. Why bother, since there's only the one choice? It just means an extra click. And last, I'd like an option to make the collapse region checkbox be checked by default. When I create regions it's because I want them to collapse now.