When editing text "Cmd+A" selects all the text in the text field, it also selects all the images in the Timeline. This is a recipe for disaster, in my opinion. I realize I can manually select the text by dragging over it, but it is hard to change a standard user interface feature to satisfy a limitation within one program. I hope this can be changed soon.
This is more serious than I realized: If I "Cut" text "Cmd+X" while in the Text dialog box, the current image is deleted. Can someone confirm this? I find it hard to believe standard text editing keyboard commands cannot be used when editing text.
Thanks for letting us know.
It is something our development team are aware of.
In the meantime, please see this thread regarding this and a workaround.