In eev I use M-e as a shorthand for C-e C-x C-e, but highlighting is optional and only happens when I type M-0 M-e... take a look:

http://anggtwu.net/eev-intros/find-eev-quick-intro.html#2

http://anggtwu.net/eev-intros/find-eev-quick-intro.html#3