Use WordPress default widgets as shortcodes. Nice and easy interface. Insert anywhere in your site - page/post editor, sidebars, template files.
Create Dropcaps. Nice and easy interface. Insert anywhere in your site - page/post editor, sidebars, template files.
Initial Letter is a plugin that adds style options so you can change the size, color, and font of the first letter of each or all post paragraphs.
The Drop Caps plugin adds drop caps to your posts, pages and comments. It comes with some cool css styling and lots of options.