Here's my guess as to how it will work based on how simple Apple likes to make things for the end user:
Callicrafic and Graffiti fonts
GRAFFITI FONT DESIGN WITH
http://www.macrumors.com/images/macrumorsthreadlogo.gif (http://www.macrumors.com/2011/04/13/final-cut-pro-x-demo-nowhere-near-final-version-more-on-final-cut-studio-apps-coming/)
http://images.macrumors.com/article/2011/04/13/161939-final_cut_pro_x_screenshot_500.jpg
http://images.macrumors.com/article/2011/04/13/161939-final_cut_pro_x_screenshot_500.jpg