Oddly enough the angle of the movie frame doesn't look quite as severe on a 28" Widescreen TV. Although you are quite right about the text, it is just within the safe area for TV viewing.

The text effect is one of the standard 'drop' effects from Ulead Mediastudio v7. Looking back at this I think you are right that it looks just a little too divorced from the image. So if I was doing the title again I would probably make the text a bit bigger and move to the left a little.

The same drop effect could be achieved with any moving path. Although to get it the same as this you would have to move each letter indiviudally. A lot of work but perfectly feasible though.

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IBM A51p with 160Gb Boot Disk, 160Gb external Firewire Disk, 2Gb Memory and a super duper sound card, 17\" TFT Monitor etc etc etc
Sony TRV33e : Sony TRV310e : Canon XM2
ULead products mostly including Mediastudio Pro (V8.0), Video Studio 8, Movie Factory 2.0, Premiere Elements

Remember, there is always more to learn than there is to teach.