Hmm cool.... I did the above, but before I added the color, I used the scripts Fractalize path (by RobA) and Smooth Path (by I????). Then path to selection to fill with black, grew the selection by a few px and filled with white on a new layer under the black one. I like the effect as it makes a normal font appear quite unnormal. Perhaps a bit high on the fracalize for real common use, but nice little effect at warping a font easily.

TextPathTest.png