Overlaying metadata text in Final Cut Pro

Dearest Lazyweb and Final Cut Pro / Compressor gurus -- I have a question for you. Let's say I have a bunch of clips in a timeline. Is there any way to automatically overlay text from metadata values onto a video clip? Let's say I want to embed: 1. a copyright overlay 2. the clip name 3. the timecode

What would be ideal is to be able to overlay the text onto each clip and render out special, watermarked versions for layout in a timeline. This must be a standard thing -- I've seen it done. I'm just not sure how to do it. :)

Right now, I am doing #1 and #2 by hand, and it's ... tiresome. I have no idea how to do #3, and some some old(er) film types tell me that they use some sort of hardware box to do it. That seems lame.