Disclaimer - Using 2007. Don't know if this is in 2008 or not.When you start typing text in a text box, the text box will expand to fit your additional text. However, if you delete text, the text box will not shirnk down to reflect the smaller amount of text.I would like to see the option to have a text boxes automatically reshape the size of the text within the text box. This option would need to be set on an object-by-object basis. Sorry to sound like a broken record, but this has been a standard feature of PowerPoint for years.