QUOTE (61Dynamic @ May 10 2006, 02:49 PM)
It's advisable to learn keyboard shortcuts as they'll make PS work much more tolerable in the long-term than just using the mouse.
And on that note,
Ctrl+J duplicates a layer but if there are numerous layers, then select the top layer and type
Ctrl+Alt+Shift+N to create a new blank layer (if you don't hold down the Alt key, you get a dialog letting you name it and select a blending mode) and then
Ctrl+Shift+E to stamp all visible layers into the new layer.
You are absolutely right about shortcuts. I'll add that for frequent use, creating an action to merging the visible layers (or any other editing sequence) will make it even quicker. But that's for another thread...