System Information
Windows 7
Nvidia 660Ti
Blender Version
Blender 2.70
Short description of error
You can't set origin to geometry correct for text object
Exact steps for others to reproduce the error
Create a Text object
Look at Front view
Press Ctrl+Alt+Shift+C and set origin to geometry
The origin moves down and left of your text (!!!)
If you press Ctrl+Alt+Shift+C again the origin moves more to the left and down...