How to make text fit a shape, not just follow a path?

Hello,

Is it possible to draw a closed shape using paths and then make some text fill the inside of that shape?

This would be like text following a path but instead of just using it as a baseline it would stretch the width and height of the text to follow the full interior of the shape.

It's something that's very common on badges and logos, and here is a mock-up I made to simulate what I'd like GIMP to do for me:

http://img260.imageshack.us/img260/4541/textsr9.png

I know there are tricks that can be used on raster text to create simple shapes such as bulging or squeezing the centre using lense distortion or other features, but I'm more interested in making text follow irregular (but precise) shapes, preferably using vectors/paths like the current text-to-path feature does.

Many thanks.
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