Photoshop: Allow user to change font sample text

It would be very helpful to me if the drop-down menu for fonts allowed me to select the word (or even better, words) that I want to see the font in. (Instead of the word "sample").

All the websites that sell fonts allow the user to enter their own text to preview the font in a way closer to the intended use. This also lets you know in advance if a font includes special characters you might want, such as a fancy ampersand.

For example: when making Christmas cards, it would be helpful to see how the words "Merry Christmas" preview in each particular font. Or if making a poster or circular for a particular company or event, to see those words. Or to enter the name of the person for whom an event is planned.

I realize that it is possible to enter the text, then highlight it, then have it change live on the document as you scroll down your fonts, but it would be even better to start out with a likely candidate from the get go.

It would be great if a text field is added to the top of the typefaces menu, so you can type your own text to preview your fonts in, instead of the word 'sample'.

An idea worth considering...?