On Bram.us there's a pretty cool little tool for anyone out there wanting to wrap text more accurately around an image (around a faded area) - The Box Office 0.2.

"The Box Office" is another handy tool which makes us webdevelopers even more lazy. It automates the time-consuming job where one would have to manually create transparant div's so that a certain piece of text would go around the contour of an object inside an image. [...] The idea behind it all was conceived when analyzing a newspost at Mike Industries where Mike contoured some text around a background image. The technique behind it, is to create loads of empty div's with the same height as the used line-height. Using a handy Bookmarklet called topo with borders we can make them visible though.

I have to admit, this little PHP/GD tool can make for easier layouts and faster developemnt times. Keep in mind, it does have a few limitations (only works with JPEGs, no error-handling, the 'ignore color' must be an exact match, etc), but it's definitely a welcome addition to any designer/coder's toolbox...