use a photo editing program such as Photoshop to actually do the menu work, LS and others have a psd template that you can use to create your menus and not go out of the tv safe area, then import that image to TDA to add the titles and motion menus.
Here is a guide that shows how to make customized thumbnail images with Photoshop:
http://www.allaboutduncan.com/tutorials/02.htm
"I do want to be able to change the font and the font color."
you can.
"Create Menu" button > "Edit" button on the bottom > clicke that and a drop down box appear where you can set the font and font color.
OR
when you select the individual names on the menu screen you can double click them and select the font you want, the size, and color of that particular title.