Ah, this looks like a job for \pgfpositionnodelater! If you call this command in a local scope, subsequently defined nodes won't be typeset straight away, but their content will be saved into a box and the edge coordinates can be saved to macros. You can then use the node alias not yet positioned@<node name> to set up your clip path, and then load the edge coordinates and typeset the node using \pgfpositionnodenow.

\documentclass{standalone}
\usepackage{tikz}
\usetikzlibrary{calc}
\newbox\mybox
\def\mysaver{
\global\setbox\mybox=\box\pgfpositionnodelaterbox
\global\let\myname=\pgfpositionnodelatername
\global\let\myminx=\pgfpositionnodelaterminx
\global\let\myminy=\pgfpositionnodelaterminy
\global\let\mymaxx=\pgfpositionnodelatermaxx
\global\let\mymaxy=\pgfpositionnodelatermaxy
}
\newcommand{\loadnode}{
\let\pgfpositionnodelatername=\myname
\let\pgfpositionnodelaterminx=\myminx
\let\pgfpositionnodelaterminy=\myminy
\let\pgfpositionnodelatermaxx=\mymaxx
\let\pgfpositionnodelatermaxy=\mymaxy
\setbox\pgfpositionnodelaterbox=\box\mybox
}
\begin{document}
\begin{tikzpicture}
{
\pgfpositionnodelater{\mysaver}
\node [align=center] (text) {A \\ B \\ C \\ ABCDEF};
}
\clip ($(not yet positioned@text.south west) + (0,6pt)$) rectangle ($(not yet positioned@text.north east) - (0,6pt)$);
\loadnode
\pgfpositionnodenow{\pgfqpoint{0pt}{0pt}
}
\end{tikzpicture}
\end{document}
EDIT by percusse
If you want to use the TikZ frontend for a similar effect, you can use append after command key as follows:
\begin{tikzpicture}
\clip node [append after command={%
($(text.south west) + (0,6pt)$) rectangle ($(text.north east) - (0,6pt)$)%
},%
align=center] (text) {TOP TEXT\\ A \\ B \\ C \\ LONGER};
\end{tikzpicture}
Roughly speaking, it nests the path construction and node placement in the desired order. The counterpart in terms of the order is given by the prefix after command. This allows us to use the name of the node to-be-created in advance. However, its use is quite limited as stated in the manual. You can not change the structural properties such as shape,color etc of the node.
append after command/prefix after command. But I'm not sure. – percusse Feb 18 '12 at 00:14append after command/prefix after commandwith no luck... can you expand on it? – capitalaslash Feb 18 '12 at 17:16\begin{tikzpicture} \clip node [append after command={($(text.south west) + (0,6pt)$) rectangle ($(text.north east) - (0,6pt)$)} ,align=center] (text) {TOP TEXT\\ A \\ B \\ C \\ LONGER}; \end{tikzpicture}. I just combined your commands, and that key allows you to use the node name in advance... – percusse Feb 19 '12 at 03:58\pgfpositionnodelater. – Jake Feb 19 '12 at 06:33