Wand tool selects text
I often need to change the color of multiple objects at once and using universal swatches is not an option (several artboards using the same swatches need to be changed to different colors). The wand tool is perfect for this except that it completely ignores live text. Even using select > same > fill color doesn't capture everything (maybe a bug). Including text when using the wand tool seems like a no brainer. It would be really useful for selecting text of the same size, weight, font, and other parameters as well.
marc
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Recent versions of Illustrator have the dedicated Select Same submenu for text objects, specifically Select > Same > Text Fill Color.
This still won’t work properly if your text objects have complex appearance (a separate fill over characters counts as an object-level fill), but works for most cases.
Magic Wand though indeed ignores text objects completely. If you still want it to be able to do so, please vote and comment. There are some questions to be solved for that, like 'what should the wand do, if a clicked text characters of different colors mixed'?