I\'m trying to layout some JLabels in my application as shown in this example:
MigLayout can do absolute positioning with "pos x y [x2] [y2]" as a component constraint. MigLayout really is the layout manager to rule them all. Check out the webstart demo on their front page, it shows off absolute positioning well. You'd still have to calculate the positions of the components like with the custom layout manager idea.
Also you could just turn off the layout.
And if you want to get really creative, you could look at JHotDraw.