CTAN has a new package: lpic

[CTAN Announcements]

This should soon be at your local mirror.

Thanks again
Jim Hef{}feron
Saint Michael's College

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The following information was provided by our fellow contributor:

Name of contribution: lpic
Version number: 0.8
Author's name: Rostislav Matveev
Summary description: Put LaTeX material over included graphics
License type: lppl

Announcement text: 
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The package lpic defines convenient interface to put any
LaTeX material on top of included graphics. 
LaTeX material could also be rotated and typeset on top of a white
box overshadowing graphics. Coordinates of LaTeX boxes are
given relative to the original, unscaled graphics, when graphics is
rescaled, LaTeX annotations stay at their right places (unless you
do something extreme). In a draft mode it allows to draw a coordinate
grid over the picture for easy adjustment of positions of the annotations.
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This package is at 
   http://tug.ctan.org/tex-archive/macros/latex/contrib/lpic
.  Information is at
   http://tug.ctan.org/pkg/lpic
(it may take a day for the information to appear).  We are supported 
by the TeX Users Group http://www.tug.org .  For your users group 
see http://www.tug.org/usergroups.html .