Does what it claims, allowing you to turn text into images in any article. I'm using in tandem with http://extensions.joomla.org/component/option,com_mtree/task,viewlink/link_id,4175/Itemid,35/ to load a (now) dynamic site slogan image into a module position.
Takes a bit of know how, luckily I already knew the gd library so it was a cinch to set up. It isn't ready to go right out of the box. But the plugin parameters config is fully loaded with hints and tips on what each parameter means.
Definately looking foward to future iterations, perhaps some preloaded fonts, maybe custom image backgrounds ala
$bg = imagecreatefrompng("path/to/some/image.png");
imagesettile($canvas, $bg);
So keep it up.