What GNU/Linux command-line tool would I use for performing a search and replace on a file?
Can the search text, and replacement, be specified in a regex format?
Perl was invented for this:
perl -pi -e 's/foo/bar/g;' *.txt
Any normal s/// pattern in those single quotes. You can keep a backup with something like this:
perl -pi.bak -e 's/foo/bar/g;' *.txt
Or pipeline:
cat file.txt | perl -ne 's/foo/bar/g;' | less
But that's really more sed's job.