FreeType/2 version 1.2.2 has been released (5/28/2007); it is based on version 1.3.1 of the FreeType library. Also available is the "official" FreeType/2 version 1.0, also based on version 1.3.1 of the library. The FreeType/2 TrueType driver replaces the one that comes with Warp 4, or adds it to Warp 3 and lower, and provides for better looking TrueType font rendering.
Source: OS/2 Warp News and Rumors