[CE12] Titleblocks and Tags

I was reading through the CONNECT online help and I noticed that Tags are now considered deprecated. I previously used Tags in my Titleblocks however I am now left wondering what users are now utilising instead for titleblock text?

Also, when I was last using MicroStation, I created a VBA project in Excel with which I was able to import Tag information from DGN files, edit the tag values and export updated values back to the DGN files. Is the replacement for tags (Item Types?) something that can be as easily manipulated via Excel VBA?