I'm still using TinyTip and it works just fine, though I haven't touched the options since I had set it up back in the 2.0 days. They're definitely broken.
I poked around a bit and the newest TinyTipOptions seems to be a WIP of AceConfig-3.0 version, and isn't compatible with the newest TinyTip. I managed to get it to open the new config frame but the options didn't seem to work anyway. I didn't want to mess around too much in fear of loosing my current settings.
Aaanyways, you should be able to set it up with the provided StandAloneConfig.lua files.
Make sure you got all the TinyTip modules you want to use in the main Interface/Addons folder (So you have i.e. Interface/Addons/TinyTipBasic), then open the StandAloneConfig.lua inside with Notepad or somesuch and change the values as described.