New Toolset Bug: Placeable Description Field

I’m reporting what I think is a new bug, or at least new to me. There didn’t use to be a character limit in the string field for placeable descriptions, or if there was it was much higher than 2000 characters. Since the new update, any placables which have more than 2000 characters in their description field become truncated, as shown in this example:

I’ve tested this with basic placables. I’ve tried copy/pasting, hand typing, etc. Same result. Anyone else getting this or am I crazy?

Is anyone else able to confirm if this is a new bug, or a new BD feature?