I agree, I don't see why you would only want to limit the sparklines to a text editor. While I can't speak for anyone else, I would like to use them in grid cells.
Currently I override the custom draw method in the cell and dray my own, but if there was some way to embed an existing sparkline, that would be really nice.
As far as the actual implementation goes, could you bind to an IEnumberable<T> source, and then specify which property of T to use for the sparkline values. Or it might even be easier if you could just override the custom draw event in the grid cell, then create an instance of the sparkline in the event handler, then render the sparkline to the cell's graphics object.