Fontographer is a great program with exceptional draw tools. However, it does not do many of the things that designers need from a program. There's limited color support, limited tracing abilities and poor export choices. Also, it's more difficult to manipulate graphics in Fontographer than with FreeHand.
But don't get me wrong, I love Fontographer. As a professional font designer, I use it a lot. Strangely enough, I use freeHand to draw my characters and bring them into Fontographer. I guess I'm so comfortable in FreeHand, I would rather draw in that program.
The good thing about Fontographer being updated? That we now know that FreeHand can be updated just as easily. Come on, FontLab, buy FreeHand and update it for us! Or Quark!
Long Live FreeHand!