No, but really you can do it pretty easily as is. Just make a duplicate of the layer and rotate it 180 degrees, flip it horizontally, throw a gradient mask on top of the shadow area, then Cmd+T and hold down Cmd and grab the corners at the bottom and pull the left corner more to the left and then the right corner more to the right. Presto! Easy as can be.
Not really action worthy unless you have a stack of 150 that you need done by monday... and I'm not sure about actions being built from transform commands. It'd be simpler to not do the perspective on the reflection.
1. Is there a way to create a gradient that dissolves from visible to invisible? Look at my attachment. I have a transparent background and can't figure out how to make a gradient that doesn't have color!
2. When using text, what is the best setting? I have this sample at 1200 DPI and "smooth" (instead of crisp, or sharp or whatever).