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optodata - here, whether it's Title Designer or editing text in the preview screen the rotation tool is visible (screenshot below). That applies to both PDR19 & 365 Business.
Yes, that's the case if I click on the title
frame, but a second click inside (on the characters) removes the overlaid symbol.
In the Title Designer, clear text is also accessible in the
Selected object box:
So two different ways to type in unobstructed text. Another approach would be to type in the text in Notepad (or other any word-based app) and copy + paste the text into the Title Designer.