It already had limited usability before. With stack direct access optimization the callback won't be called for stack accesses as well.
See note by Brian Slechta:
=== Cut Hete ===
While using Bochs as a reference model for simulations, the simulator needs
information about what loads/stores are taking place with each instruction.
Presumably, that is what the BX_INSTR_MEM_DATA() instrumentation macros
cover (which is the place where our simulator hooks up).
The RETnear_xxx() functions call access_linear() directly, rather than call
read_virtual_xxx() functions. This is a problem for code making use of the
BX_INSTR_MEM_DATA() hook because it does not get called for these
instructions. Should this be changed along with some other instructions
that exhibit this?
=== Cut Hete ===
For Bryan's usage bx_instr_lin_access and bx_instr_phy_read/bx_instr_phy_write callbacks should be used.