Cant believe I haven't found this plugin before now
It pretty much have everything I would expect it to have, to the point where it in my case will completely replace any use of C2s normal textbox and text objects at first look when just looking through it quickly.
I really hope you are still keeping an eye on this, because what I think would make it one of the absolute most useful plugins for C2 ever made. Would be if it had auto size.
An option like:
Auto size = None, Both, Horizontal, Vertical
Which would scale the textbox in the selected direction if needed.
Even though I love it, amazingly good plugin, should replace the normal text and textboxes in C2, if It wouldn't cause problems for a lot of projects