Some word art can be created in SBM using the Add Text function, then choose a cool font and create away. For fancier stuff I will use Paint Shop Pro or Photoshop. Were you think of anything in particular?
Before purchasing Scrapbook Max, I used Power Point to create my pages and make colages and then save my slides as jpg and make a scrapbook. In Power Point after you create your slides you just have to save as and choose from several image format like png, jpg, tif, bmp, wmf or emf.
You can also use Power Point to create a self running slide show of your scrapbook pages.
I design training manuals and courseware for a software company and still use Power Point with my screen shots. It's really a great program.