I love this Photoshop CS2 feature so much, I want to make sure you all know about it.
First open a new Photoshop file, and use the text tool to type anything you want on the artboard.
Then Control + Click (right click) on that text layer in the layers palette, and select “Convert to Shape.” Your text will now be in vector format so that it may be used as a shape, and can be scaled to any size without losing quality. Just Like if you “create outlines” in Illustrator! I find this especially useful when creating logos in Photoshop, or sending a file without fonts.