to make the curved text here is a jerry rigged way with out photoshop:
use MS word and make "word art"
use the "shapes" to make it curved the way you need and "properties" to make the color. do this in a high (like 48pt) font.
take a screen shot of windows with "print screen"
paste that pic into paint then cut out the text. paste it into a new bmp and scale it down to the size you need.
for the:
T
A
W
part... insert "text" in ms paint (even for the non bold parts) or do the word art screenshot thing.
thats how i made this: