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I just found out that when you are applying a drop down you don't have to enter the distance or play with the sliders...Once the layer style is open, you can hold the mouse down on the shadow itself and move the shadow at will.
You can also drag the Inner Shadow around. If you want to play with a useless but odd effect open up a layer style dialog, make the inner and drop shadow active and drag away. They both try and drag at once and it's quite confusing on something like largeish text. :B
that was something that got me for the longest time too, but i finally stumbled across it. gradient in text can make for some pretty neat looking banners too!
Lasa, what I love about you is how much pleasure you get from learning. You're obviously on a good track, and a guy like ronmatt is a terrific mentor. In fact, there are a bunch of questions that I'd like to ask him, esp, about Zbrush.
This also applies to the Gradient and Pattern New Adjustment Layers (the ones from the Layers Pallette) as well as the Filter>Other>Offset filter command.
Drop and Inner shadows.. 
Linear Mode
