Been playing around with labels myself, and don't think there's any point in starting a brand new thread. For my last batch, I came up with a decent label on beerlabelizer.com. But I was frustrated by its limited layouts and font choices. The guy had a great idea, but didn't keep going.
So I started checking out some other sites, where you design and they print. Putting a label together in the places I tried was so limited, non-intuitive and generally frustrating that I finally said, 'screw it.' Photoshop CS2 is available for free now, so I downloaded a copy and started learning how to use it. Desperate measures for desperate times...
These are the early results. I've been putting color dots on my bottle caps to identify each batch anyway, so I decided to use one basic label design and carry the color coding on through.
There are a couple of fancy touches I'd like to add, like some filigree in the corners and around the edges - but frankly, I haven't learned how to do that yet. Of course I'm not bottling these two batches for about a week anyway, so maybe I have time....
I'm planning to print the labels on a laser printer so the colors don't run, and glue them on with milk. I've found that milk works impressively well, unless it's exposed to extended soaking. So if I'm planning to throw some bottles into a cooler of ice and water for the afternoon, I guess I'll have to rely on the color-dotted bottle caps.