The best replacement for textwriter is streamwriter.

The best alternatives to textwriter are rated as following:
★★★★★  streamwriter
★★★  xmlwriter
★  stringwriter

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Speaking about textwriter, one probably shouldn't forget about textwriter.

Other search terms related to textwriter and their ratings are:
★★★★★ textwriter
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Google Trends

Scale is based on the average worldwide traffic of textwriter in all years. Click on graph for more.
textwriter
streamwriter
xmlwriter