While working on a website for fun, I created a template object to suit my needs.
I've fleshed it out a bit, and think it has a nice balance of simplicity and power. I also think it has the most important features of FastTemplate while being easier to get started with.
I've made it available at my personal website, along with two simple examples. Though functional, it is not very polished, and there is no manual (yet). I've also GPL'ed it, if you care about such things.
Feedback is welcome. Feature suggestions will be considered and implemented if not horribly difficult.
http://www.shoutingman.com/interests/web/index.html#template