It's easy to make a typo or to get an unbalanced number of brackets or tags. It may be helpful to encourage editors to preview their work before finishing.
On the other hand, depending upon how previewing is encouraged, then editors may have trouble figuring out how to publish their changes (so perhaps fewer completed content edits), and it may slow down or annoy editors when they don't want to be bothered with previewing (e.g., a quick reply on a talk page).