Text Size in Photoshop 7

I figured out why my text wasn't showing up. It was because of the font size which is all screwy. It was set *way* too small to be seen. For some reason, the font is in terms of "pt", whatever that means. I think it's supposed to be in terms of pixels though. So, I have to put it up all the way to it's limit which is 1296 pt to even be able to see a bitmap font. I can't even see my script fonts because 1296 pt is only like 7 pixels. Does anyone know how to change the settings to get it in terms of pixels? I would seriously appreciate it. I have a picture behind the cut to show you what I'm talking about a little better.



Where it says "px" in the graphic, my program says "pt". If you know how I can change this, please tell me. :)