I think there is, but I’m not 100% sure. I thought I also saw a recent post on emacsrocks.com about using rectangles to edit/replace multiple instances. I’m still in “super noob” mode with Emacs.
Emacs Rocks Ep. 13
Emacs Rocks is the best. Another great similar tool is "Rectangle Editing". I find I use multiple cursors and rectangle editing quite often, even for different parts of the same task.
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