Completely agree on the awesomeness of multiple cursors and ST2 in general. The official documentation has some more tips: http://www.sublimetext.com/docs/2/multiple_selection_with_th...
Fortunately, other editors are already adopting similar features. Just today I was fiddling around with Ace, a web-based code editor, and noticed that they support multiple cursors too! Just select multiple words while pressing the Ctrl (or Cmd) key.
Live demo: http://ace.ajax.org/build/kitchen-sink.html
The nicest thing is that I only found this by accident because I'm so used to using multiple cursors in ST2. It's a great feeling to be surprised that something works just the way you sub-conciously expected :)