Personally I'd rather stick with the richer feature set of my deskdtop video editing software and just re-upload edited videos. I think this is an important feature on YouTube because re-uploading a video causes you to lose all the views and ratings on that video, which are really important. But re-uploading a video within a course does not reset the metrics on the course, so there's no pressing reason to be able to edit an existing video within Udemy as far as I can see. If your upload speeds are really slow, or you don't have decent video editing software, I could see how that would be useful. I guess my question for you is why would you want to edit videos online instead of offline? It would be a ton of work for Udemy to develop and maintain a feature like that; there are other things I'd rather have them focus on.
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