Chord sequencer...
chord looper...means the same to me.
I liked it on the E-70...easy to use, and hamn dandy for freeing a hand to work the pitch bender, variations etc.
I'm surprised Roland ditched it...perhaps their brilliant market research indicated that not many actually used it.

Doesn't mean it wasn't a good idea.
Hopefully Korg's Chord Sequencer/Chord Looper/Tulip/Rose/Petunia

works as seamlessly as did the Roland version.
Ian