Read More Login version 2 has just been released and available for download at WordPress plugin repository.
This is a major release and the plugin has been through a complete rewrite. The new plugin has more functionality, more settings and more efficient coded.
Now the text and styles on the forms are configurable. You change the text on the forms to fit your need, and add html tags to get exactly what you want it to be. Html elements are limited to paragraphs, breaks and styling.
Also you can add variables into the form text. These will write context specific strings like name of user being registered, title of site etc.
The plugin has also been prepared for internationalization.