I have finished today (at work, mind you) the refactoring on how our font rendering library ATRES works. Now there is an additional library (called ATRESTTF, it is based on FreeType 2). I have compiled a static library of FreeType v2.4.5 in VS2010 and committed it as well. There will be some minor additional changes (so .ttfdef files are not required in ATRESTTF and font files can be read from the system directory), but mainly this is it, ARC now supports any kind of font rendering.
This means that the ARC RGSS engine is 90% done. I have to implement MIDI format playback (in XAL), improve and optimize the way textures are handled (which should speed up rendering text a lot, most of it is already done because I had to implemented it for ATRESTTF) and some minor additional things such as proper transition effects and bug fixes after the beta version. ARC running on our implementation of RGSS is almost finished.