I am glad i found your post about this as I thought I was doing something wrong. I also tried to import a JPG image with my text on it and even that does not display propery - it is again very small and comes through like pixelated text, instead of smooth text. It would be good if this bug was fixed.
The other annoying thing is that I cannot force text to go on to the next line. I have had to divide my text into 3 separate text configurations and fade them in and out.