Typography and how to adjust typography from within Photoshop was brought up during our weekly meeting Tuesday. Almost if on cue, Psdtuts+ (http://psd NULL.tutsplus NULL.com/) as part of their Photoshop Basix (http://psd NULL.tutsplus NULL.com/sessions/photoshop-basix/) series released a video tutorial on this very subject. The tutorial focuses more on the keyboard shortcuts than the panel commands, but I think you’ll find the keyboard shortcuts to be far more intuitive. If you need to know how to properly set leading and kerning, or have no idea what the hell that means, be sure to check this video out.
[ Psdtuts+: Typography, the Art of Text (http://psd NULL.tutsplus NULL.com/tutorials/tools-tips/type-tool-photoshop/) ]