I was playing with a digital page the other day and found out that you can use a brush in conjunction with the eraser tool to create a punched effect. Adding a drop shadow increases the 'depth' of the cut out. How cool!
I created this page with a free template over at Two Peas in a Bucket and using the Apple of My Eye kit (it's such a beautiful kit) by Vinnie Pearce, also at Two Peas. I altered the template slightly to included two photos rather than three, added a photo mat, the butterflies and moved the title down a bit.
Oh and that title effect - I re-coloured a tag from the kit, used a standard font (Georgia), made it bold and added a Simple Pillow Emboss effect layer style. I love that this gives a debossed effect to the text.