PixFont 2.0 made by the russian company Kgroup is a small TrueType Font to TrueType Pixel font converter. The application fixes the problem with the default smoothing of fonts in Flash.
Cresk reports that the program says its not a valid Win32 application on his Windows 2000 Professional machine, it seemed to work ok on my W2K machine. But the program seems a little tickelish about how it is run.
A partly disabled version of PixFont 2.0 is available for download from Kgroup, a full version will set you back US $29.
[UPDATE: Kgroup has removed the download because of legal problems. When and if the download will be available again is uncertain]