What's the deal with Wellesley's regular decision with an early evaluation option?

I came across something about Wellesley College offering a regular decision with an early evaluation option. Can anyone explain how that works and whether it's a good idea to choose it?

Wellesley College does offer an option called "Regular Decision with Early Evaluation" for applicants interested in finding out their admission decision earlier. This works similar to their Regular Decision process, but with an earlier application deadline.

For the Regular Decision with Early Evaluation option, the application deadline is typically in early January, which is earlier than the Regular Decision deadline (usually mid January). If you choose this option, you'll receive an early, non-binding evaluation of your application in late February. It'll either be an acceptance, a deferral to regular decision, or a denial.

This option can be a good choice if Wellesley is one of your top picks and you're eager to receive some preliminary feedback on your application earlier than the usual Regular Decision timeline. But, if you need more time to put together your application, the regular deadline could be a better fit for you.

Remember, even if you're accepted through the early evaluation, you're not obligated to commit to Wellesley until May 1st. It basically offers you the benefit of an early response without the commitment of Early Decision.