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I’m a Vegas user so I don’t know how PP2 works. If you can, import a text object on to your timeline. For every [insert appropriate number] of keyframes, add or change a letter of the text object. Then add and some sound effects of a typewriter to sync with the text. Be sure to download some cool looking fonts for it as well.
I used this technique on one of my videos. To match the intense tempo of the music, I created a fast paced scrambling effect of the opening credits. To see an example (not mine), watch the video game trailer for "Assassin’s Creed" on gamespot.com.
Otherwise, I’d say buy an old school typewriter from a thrift shop or yard sale and do it sans any digital effects.