as a by-product of the spin function you can map the texture to the text and rotate it in '3D' - which you have to do manually in designer - also the lights work better, Egg did a good job on making the sides of the text look in keeping with the faces

I can't remember the export options other than PNG and GIF - if you just want an image then it would be fine for this job, but as Bob says, it's a one-trick pony - however you can often use something the way it was intended to be used, but for a different purpose..