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I still have the older CS3 extended version and can't not get my cursor back to a regular pointer. I have tried the resizing text on display and resetting tools to no avail. Are there any other options to get rid of this annoying cursor?
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What version of windows are you using?
Usually it has to do with the text scaling set in windows itself as described in this KB
https://helpx.adobe.com/photoshop/kb/three-cursors-display-photoshop-bridge.html