I've just released another few updates to Textimage and pending some testing, I should hopefully be able to release version 2.1 for Drupal 5, 6 and 7 within the next few days.

The latest updates bring back the Fixed width and Text alignment functionalities, which I had previously removed due to the complete re-write of the rotation algorithm. Also included are a few minor bug fixes that have been sitting in the issue queue for way to long.

To downloaded the latest development builds, head over to the project page at: http://drupal.org/project/textimage