Looks really good. I actually wrote a script for this a few months back. Never released it because of laziness.
That and i am still working out some things within the code. A work in progress.
The filter will add a frame to a paper cutout effect.
Basically you add a layer of text or a shape on alpha. (no bg layer)
Run the filter
The results
Still working on getting some things correct though. I recently added layer modes for gradient fills.
Started out as-
When i get some ample time to work on it i will try and finish it.