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Documentation had several updates in these 2+ years.
Now it says:
"""
If __new__() returns an instance of cls, then the new instance’s
__init__() method will be invoked like __init__(self[, ...]), where self
is the new instance and the remaining arguments are the same as were
passed to __new__().
If __new__() does not return an instance of cls, then the new instance’s
__init__() method will not be invoked.
"""
, which is clearer.
Thanks!