Tagxedo is a new (beta) site for creating excellent looking word clouds. It reminds me very much of Tagul in where you can custom make your word clouds into anything you like. A really nice feature which I haven't seen before is the ability to even use words as custom "word cloud" shapes.
Below are samples of what you can do in Tagexdo...
Give Tagexdo a try by clicking here.
Thanks to Larry Ferlazzo for the great site!!