First, we render a transaction showing a change from the default policy/space to the selected policy/space:
alice shifted this object from space S1 Default to space S2 Secret.
This is a good transaction (it's showing that the default was changed, which could be important for policy stuff!) but it's confusing because it makes it sound like the object briefly existed in space S1, when it did not.
Instead, render this:
alice created this object in space S2 Secret.
This retains the value (show that the object was created in an unusual space) without the confusion.
Second, when you create a "New Bug Report", we render a transaction like this:
alice changed the visibility of this task from "All Users" to "Community".
This is distracting and not useful, becasue it's a locked default of the form. This was essentially fixed by D14810. The new behavior is to show this, only if the value was changed from the form value:
alice created this object with visibility "Administrators".
This should reduce confusion, reduce fluff in the default cases, and do a better job of calling out important changes (basically, unusual spaces/policies).