Thanks colnago,
That is definitely what I was looking for. I did do some searches for creating a 'Make Your Own' shortcut and it seems way beyond any of my know-how.
If anyone knows what the 'Action' 'Data' and 'Type' for doing this, I would much appreciate it!
In the mean time, for anyone who is looking to do the same thing, I purchased 'Better Cut' from the market (Anycut's full version) - I then chose 'New Shortcut' > 'Activity' > 'Email: Welcome'. This creates a link that that shows the Combined Inbox as well as a list of your email accounts. It's better than nothing at this point, but a direct link would be much better.
Blue-R, unfortunately the way you described is creating shortcuts to individual email accounts. I am looking for one shortcut to show a combined inbox.