LatestNews already comes with some ready-to-use themes (inside the zip you can find 360 css files!) and with a useful Configurator.
But you are also free to create your own skin.
We have created 200 ready-to-use text animations grouped into two groups, IN (with fade-in effect) and OUT (with fade-out effect). Check it out.
LatestNews can get news items in different ways. You can create them manually, load a remote (or local) RSS feed (both Atom and RSS 0.9-2.0) or getting your Wordpress posts (also custom ones).