Aight. I added support for retaining the set text via gconf. Might have to restart for the widget update to take effect.

All updates happen via gconf as well. So if you really wanted to you could modify the text in another application via gconf and the widget will update accordingly. EG:

Will update the first instance of fat-label to have the text foo. I'm not sure how best to communicate to the user what the instance ID is for a given instance of the widget. Till next update I suppose...

Oh. No support for retaining color yet. Or changing the size of the label for that matter.