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Through a twitter by Ralf Herrmann, I got wind of a new web font service by developer Garrick Van Buren.
Got a sneak peak at it, and it's for real. A nice job of it, too.
Focuses on free fonts, of course.
For those looking to tap into the web market when the file format issues finally get worked out (I'm an optimist, it's a failing, I know), Kernest is slated for public release on the 16th of July and you'll be able to check out your "free" competition.
I'll be taking a close look.