Check this video out at Hi-Res here: www.tutvid.com We are using Illustrator CS3, although CS2 should work fine as well with this video, to create some metal text that is fully vector. We will apply various strokes, expand strokes, work with effects, groups, and gradients and more! Please check out www.tutvid.com for more great tutorials!

http://www.youtube.com/v/TgH9uifkz3g?f=videos&app=youtube_gdata

More here:
Metal/Metallic Text: Adobe Illustrator CS3 Tutorial