following video tutorial: http://layersmagazine.com/planet-photoshop-special-effects-text.html

I made a couple of embellishments and learned a couple of PS features.

I added outer glow to the sparks layer and filled the background with a radial gradient instead of leaving it plain black. The text layer style Inner Glow was changed from white to a light blue.

forum discussion: http://forums.dpreview.com/forums/read.asp?forum=1006&message=39820455