Nutshell: Subclass this form with the required fields defined to automatically generate a form based on a model in a similar fashion to how form_for_model works, but in a way that tries to be a little easier if you want to customize the form. It handles updates and creations automatically as long as any database field requirements are met.
This is something I made while trying to understand newforms, and is my own attempt at something between the simplicity of a stock form_for_model form, and a full blown custom form. The proper way is to use a callback function to customize form_for_model, but that felt cumbersome so I did it my way :) It works for me, but I'm relatively new to both python and Django so please test yourself before trusting.