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.
Hi Ray, this is already logged.
Please see this thread regarding this.