If I had to do that ...I would set no points and simply use Insert / Overlay or Extract / Lift shortcuts.
They all require selecting either the clip or the window anyway.
I might be missing something and correct me if I'm wrong, but...
Aren't the default in and out points the beginnin and end of the clip *unless you change them?*
If you are asking whether there is a shortcut to "reset" the IO points after you adjusted them then that's another question (who's answer I do not have)
Thanks Shooternz you are correct i just hadn't realised it was that simple. Having read the help properly i have found the ' / ' button is what i was looking for which creates in and out points from a selection of clips in the timeline. It is slightly different from avid and fcp but in someways better. btw another example of when I use this button is when I want to insert a second layer of video into the track above and want to quickly set my in and out points to exactly the duration of the clip below. Thanks for the help.
"," and "." as well. (insert/overlay)
Dont forget about Track Targeting.
Meantime ...I will check out what "/" actually does because I have not run into that before.