Not really animated text, but I wanted to slap down words at the same time as people said them in the video.
Not sure if this is the best way to do it, but I dropped in a titles layer and wrote out all the text as it would lie in the last frame. Then I chopped up the layer into cuts that corresponded to each word (5 words, have 5 cuts). At this point in time all of the cuts will have the full text, that is good for the last cut but not the other 4.
If you just go and delete the words you don't want then it tries to "centre" the text. So what I did was go into the first cut and highlight words 2-5 then drop the opacity. Goto the second cut and drop the opacity for words 3-5, Third cut drop the opacity for 4-5, Fourth cut drop the opacity for 5 and the last cut is the full wording.
It was very manual but by gosh I got it done
It's a real pain if you need to move it around though. I guess as long as they're all "linked" to another layer then its not so bad.