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Unfortunately it is not that simple. Without getting into the complexities of the SBD conversion process, there may be scenarios when you would want to convert SBD->STEEM even if the price is trading above $1. This is not the type of thing an 'average user' is going to want to think about though.

Interesting, where can I read about this scenario, be cause I havnt read about that before!?

It's not written down. You'd have to think through how the conversion process works, and think of ways to end up with more than you started. As it says in the new 'warning' - it is a feature primarly intended for advanced users who understand the dynamics of the price feed and markets.