Slurpee, great hack dude! Just got something to add and plz excuse me if it's been said before. I found that the "newsfader.txt" inside the noncgi directory must be set to chmoded (777 UNIX) (or some other writable permission) or else when you change the fader text in the CP, it'll just stay the same (even though it doesn't give you any error message)... hope this helps someone...
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