Yeah, while Movie Maker is very simple to learn and use (and its free) it doesn’t allow you to place text in exact spots. There are other movie compilers out there that let you place text where ever you want i.e. Vegas, Premiere, Camtasia, Pinnacle etc. Down side is that some of these software’s are not free. (you can download free trials thou to test out)
Using Photoshop to place text onto the slides sounds fairly painful and time consuming. I’ve never used that method before, but I’m no expert in Photoshop !!
cheers Mark