Taken from PSDTUTS: Blender is the free open source 3D content creation suite” it is the most advanced 3D program which is currently free. It can be used for modeling, UV unwrapping, texturing, rigging, water simulations, skinning, animating, rendering, particle and other simulations, non-linear editing, com positing, and creating interactive 3D applications.
I go on PSDTUTS a lot because they have great Photoshop tutorials that help me learn new techniques. They offer a paid membership for those that want to get premium access to things like articles and file downloads. But their ‘free membership’ offers a rich array of resources as well, ranging from website templates to useful links. One of their many type tutorials consisted of 3D text, something that could not be achieved in Photoshop. They posted this link to Blender, which was suggested as a means for achieving the 3D affect shown in the tutorial.