It's worth mentioning that the Text entry and editing tools in Inkscape
are very good and give you most of the standard alignment and formatting options. Any True Type Font can be used and it appears to have options to fit text onto any path - circles, ovals, open lines and curves etc.
Simply layout your design and text and Save as EPS and it loads directly into VCW
You can download the installation this FREE
You have the option to download the zip file or the install .exe (I used the .exe)
It's worth noting that Inkscape
includes very good image to vector tracing and has been discussed in the Tips & Tricks section of the forum - http://vectric.com/forum/viewtopic.php?t=73
Hope this helps,