I guess I was wrong. Before I left on the trip I burned a few CD's from iTunes and one of the options burned with text. My store bought CD, and one I made real quick didn't display text. Just Track 1. When I did have the CD text play though, it worked like the iPod does.
I rarely use CD's though. I didn't think I would have the iSimple in time so I bought a few RW CD's to take with me and experimented with burn options.