I'm using this plugin right now on my new setup. It's resizable and you can change the colour of the song title etc... . It can show song title, album name and artist on the first 3 line of information, just crop the rest out ( try it and you'll see what i mean ). Oh, it get's it's info from the ID3 tag so be prepared to rename any blank MP3's you have.
As for time display just use WinAmp's main window in "Windowshade Mode" and you get the time display plus a little EQ.
Then stretch your playlist to the edges of your screen and you have a very nice display.
I'll post some pic's tommorow for you of what mine looks like. This is not very usefull for Touch screen but you might be able to find idea's from it.
Link WinAmp Lyrics v1_22