Hi Jeff,
Looks like you are nearly there. You could do a very simple one in QU using a plain black image with some grey text with a shadow.
See attached, not as smart as your version though! NB> my version cutout needed to be a tif, jpg did not work very well
Terry
I have got there in the end, I am not that good with PS Elements and such, used to be able to use Elements 4 in XP days.
So went the long way round and installed 6 watermarking progs.
After much experimation settled on one and created the required embossed transparent watermark, infact 3 versions - nil transparent, 50% and 75% - works well and not to intrusive.
Easy now to create additions versions, and simple and fast to add to images in QI save for web. and upload to site host.
Jeff