I'm still using a very old version of Photoshop, which didn't have very convenient text outlines either. However, it does place new text on a new layer, and the layer does have an outline feature, which basically gives the same result. (to be honest, I still miss my old JASC Paintshop Pro 7.04. It was way more intuitive than Photoshop, which had, and still has, way too many totally useless features cluttering the interface). Really wish I could still get that specific version somewhere, immediately after Corel took over, that program went to hell.