Dear AMOS, I'm not crazy really. This is the correct string now.

lang/en/moodle.php

@@ -491,7 +491,7 @@
 $string['editorresettodefaults'] = 'Reset to default values';
 $string['editorsettings'] = 'Editor settings';
 $string['editorshortcutkeys'] = 'Editor shortcut keys';
-$string['editsettings'] = 'Settings';
+$string['editsettings'] = 'Edit settings';
 $string['editsummary'] = 'Edit summary';
 $string['editthisactivity'] = 'Edit this activity';
 $string['editthiscategory'] = 'Edit this category';