This is the exact verbiage that was in the older rule book under 6-A-11 for Dropped Ball. For whatever reason, USA decided to delete that rule and put the language under 6-A-3P instead.
In fact, my 2015 printed book, and a 2008 electronic book I found on the web, say virtually the exact same thing:
2015:
Quote:
Section 11 - DROPPED BALL.
If the ball slips from the pitcher’s hand during the delivery, a ball is declared on the batter, the ball remains live, runners may advance at their own risk.
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2008:
Quote:
Section 11. DROPPED BALL.
If the ball slips from the pitcher’s hand during the delivery, a ball is declared on the batter, the ball will remain live and the runner(s) may advance at their own risk.
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So there really has been no significant change to the language in the last ten years at least.