InLine List Item Editing in SharePoint 2010

Title: InLine List Item Editing in SharePoint 2010

Details: I have worked on many third party tools including telerik / devexpress and I always wanted the inline editing functionality on atleast the out of the box list items. And finally my wish fulfilled

List items ( on modify view settings ) can now be edited inline as show below.
Before getting to it, you need to first enable the inline editing option as show below on the modify view settings page.

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