aaa poop... i couldn't wait til later... hahaa aaaagh! Photoshop OWNS me!!! [confused]
Ok so here the effect i was talking about Andrew.
I've attached the PSD file to my reply after this one.
I was incorrect about one part... the larger outer gradient shape of the text should be done separate from the text itself. BUT... it too uses the "Layer Effects" to get it's look. PLUS... a quick swipe of a large soft airbrush is added for the highlight on this larger bg outline.
Keep in mind too that the style of font you use will change the look.
Just unzip and open the psd file. Then double-click the type layer... you'll see which effects filters i used.
PS: i'm thinking now that the original effect was created in a Vector program... perhaps Illustrator or Xara... or some other one. Just because of the specific was it's effects look, compared to Photoshop's -- unless of course that image was scaled down in size, which would explain the extra thin outlines. Anywho...