In my previous blog post, Jason commented that it would be nice to have a utility that will create controls and indicators on diagram objects in bulk. I thought that was a good idea, and I decided to write a VI that gets us pretty darn close...it's not quite a right-click option, but it's as close as I can get without getting a C-monkey to modify the LabVIEW source code for me, and without having plug-in VIs yet.
So put this VI in [LabVIEW 8.6]\project and restart LabVIEW. You'll now have a Tools > Create Controls and Indicators menu option. Select a few block diagram objects, then choose this menu option. It will create controls and indicators for any terminals of the selected object(s) that aren't already wired to something. This transaction is undoable/redoable as well.
I hope this VI is useful to people. I also had another motive for writing it, but you'll have to wait until my next blog post to find out what that was.