Menu: Window Showing/Hiding Character
Mac: Ctrl + T (while editing with the Type tool)
Win: Ctrl + T (while editing with the Type tool)
Photoshop 6 introduced on-canvas editing of text. In other words, you do not have to create and edit your text in a modal dialog box anymore. In both Photoshop 6 and ImageReady 3, there is no longer a Type palette. The options that were in the Type palette now appear in the Options bar when the Type tool is selected.