iPhone UILabel text soft shadow

Question

I know soft shadows are not supported by the UILabel out of the box, on the iPhone. So what would be the best way to implement my own one?

EDIT:

Answer 1

I tried almost all of these techniques (except FXLabel) and couldn't get any of them to work with iOS 7. I did eventually find THLabel which is working perfectly for me. I used THLabel in Interface Builder and setup User Defined Runtime Attributes so that it's easy for a non programmer to control the look and feel.

https://github.com/MuscleRumble/THLabel