While your code is technically correct, there's one small change i'd do, just to prepend the thumbnail to the code. Using your code will break the Full Text / Summary admin setting.
function cwc_rss_post_thumbnail($content) { global $post; if(has_post_thumbnail($post->ID)) { $precontent = '<p>' . get_the_post_thumbnail(get_the_id()) .'</p>'; $content = $precontent.$content; } return $content;}