Nope it doesn't, just checked. Rogue Rebalancing gives the song a bonus to hit and saves. Vanilla is just a glorified resist fear. That's... really poor.
WOAH!!! Actually I just checked the beta for 2.0 and it turns out that the bard song DOES give a +1 luck bonus!
Edit: Just to be clear, I am pretty sure this is not a new feature of 2.0 and has been a part of the bard song the whole time. The thing is that the default bard song was externalized in 2.0 so now I can actually view it in NI and see exactly what it does (which I couldn't do before).
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Edit: Just to be clear, I am pretty sure this is not a new feature of 2.0 and has been a part of the bard song the whole time. The thing is that the default bard song was externalized in 2.0 so now I can actually view it in NI and see exactly what it does (which I couldn't do before).