X3 Studios just launched The Wallpaper Application, web-application that allows anyone to create personalized wallpapers on the fly.

You begin with a simple background and from the left hand side menu you can choose a number of graphics elements you want to add. These can be scaled, coloured and rotated all with drag and drop. Text is also included with some pretty cool fonts as well as ability to share and download your creations.

You can find it here + see a video tutorial here.

(via designyoutrust.com)