Fixing Placement Names

I noticed that device Placement names are now only able to be pulled from a static list of pre-defined names (attic, living room, basement, etc). I would like to be able to use custom place names instead of just the pre-defined list. 
Also, why have this field as part of the device information if you can't search on it? If I do a search on all devices in my basement, even if I have Basement as a Placement Name, search does not return those devices, UNLESS I add "Basement" to the actual device name. Search effectively doesn't even consider Placement Name as a key. Sooooo... either remove it and let us figure out a better way to assign the location of the device or let us add custom locations that get included in the search results.