Hi,
I suggest having a look at font parsers in as3:
Once you do that you need to work out how are you going to traverse the paths inside each letter, what do you do for characters that have gaps, etc?
It sounds like you are trying to create a fancy animation.
In theory, yes, it should be possible, but in practice it's up to you it it's worth the trouble (input vs output)
UPDATE
Instead of parsing the font and getting pin point locations, you could:
- take a BitmapData copy of the text
- make it binary( as in for each pixel
that is above 50% gray make it white,
otherwise make it black )
- apply a convolution filter to detect
the edges and use that.
Also, you could get away with something somewhat cheaper but effective. There are quite a few particle engines these days you could use:
HTH