Been looking at alternative font-replacement techniques of late, and have just received my beta invite to TypeKit.com. The idea behind their service, is that they host the fonts, you pay a monthly fee, and you can embed whatever font from their lib into your site via js and css. No flash/image/php replacement techniques, no hiding text off the page, it’s the font as you want it.
Bottom line, if you are in need of a faux tag cloud made in Flash, there is both a download and example for you to enjoy. And if you’re interested in tossing up how to go about creating your own tag (or text) cloud, we’ve also outlined the reasons we used Flash and not CSS.