Is there a way to curve / arc text using CSS3 / Canvas

I'm trying to make a curved text effect using CSS3, HTML Canvas, or even SVG (see image below for example)? Is this possible? If so, how can I achieve this effect?

Update: To clarify: The text that will be styled this way will be dynamic.

Arched or Curved Text Example


SVG supports text-on-a-path directly, though it does not 'bend' the individual glyphs along the path. Here's an example of how you create it:

...
<defs>
  <path id="textPath" d="M10 50 C10 0 90 0 90 50"/>
</defs>
<text fill="red">
  <textPath xlink:href="#textPath">Text on a Path</textPath>
</text>
...

You can certainly do it with canvas, try out this code as an example:

<!DOCTYPE html>
<html xmlns="http://www.w3.org/1999/xhtml">
  <head>
    <title>Testing min-width and max-width</title>
    <style type="text/css">

    </style>

  </head>
  <body>
      <canvas id="cnv"></canvas>
      <script type="text/javascript" charset="utf-8">
          cnv = document.getElementById("cnv");
          cnv.width = 500;
          cnv.height = 300;
          ctx = cnv.getContext("2d");
          ctx.font = "bold 12px sans-serif";
          text = "abcdefghijklm"
          for (i = 0; i < text.length; i++) {
              ctx.fillText(text[i], 300, 100);
              ctx.rotate(0.1);
          }
      </script>
  </body>
</html>

It doesn't do it exactly right, but I'm certain you'll manage to tweak it to your likening ;)