Hi kenncammaro ...
I'm in a similar situation to yourself where I am often wanting to project text in settings like churches and conference events. I'm always on the lookout for a more full featured text display solution to integrate with Resolume, but I don't think such a thing exists at the moment.
There isn't any easy way to incorporate a full song projection solution with Resolume without running multiple computers, one for video and one for song words, and combining their output in a video mixer. I have used Resolume at conferences to do song backgrounds with someone else running Mediashout or similar for song words.
There is another package called Magic Music Visuals which can deal with text, and it has Spout export integrated, so with recent Spout integration in Resolume, it's easier than ever to pipe text output to Resolume.
Also there is a package called Screen Monkey which I think has more song projection like features built in, but I haven't used it recently.
I have developed a number of partial solutions but they are quite basic or in development at the moment:
1. I have developed a Flash SWF for displaying multi-line text. You'd need to have one cell for each screenful of words at the moment, and use the Preview window in Resolume to check their contents as there isn't a preview facility as you'd have in EasyWorship for example. See this thread:
http://goo.gl/tjERVV
2. I have started working on a patch for Max 7 which will allow text to be sent to Resolume via Spout (on Windows) but there are limitations with this
3. I have also played with a Processing patch which can also be piped into Resolume using Spout.
So it's a work in progress, and there isn't a good single computer solution at the moment that I know of. PM me if you'd like to discuss at more length.
Cheers
Richard