Hi there. I don't want to take up too much of your time, so I'll get straight to the point. An executive editor at a major publishing company requested my manuscript. During the process of waiting, her editorial assistant was kind enough to tell me the executive editor loved the book and that she was just as adamant about working with me as I am with her. Her editorial assistant even asked me to critique a piece of her work, which I did.
The editor sent me a list of revisions she would like to see, which don't seem impossible to make, but my question is whether or not it's a good idea to make revisions to a manuscript that hasn't been accepted or rejected.
I've been in this situation a couple times with agents and been burned a couple times, so I'll give you my advice.
From your description, she seems pretty interested. Also if she recommends revisions and is very specific about them and they seem sensible to you, you should probably be making them anyway. That said, she hasn't made you an offer yet, so don't be surprised if you turn around and she says no after you did the revisions. On the other hand, you come out with a better manuscript for other editors based on what was probably good feedback, so it's not necessary win-win (i.e. this might not immediately result in a publishing deal) but I would make the revisions and resubmit.