http://www.FotoTrix.com let's you upload photographs and then add
special effects (water drops, flames, mold, rust spots, stains, etc)
to them. There's a image framer, border maker, 3D texter and a layered
effect adder. More tools in the works!
No image to upload? Then try http://www.ImageGenerator.org for premade
templates that you need to change the text on to personalize.
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Web 2.0 Tools
http://www.web20links.net