Edit: I tried this, but it didn't much good as far as I can tell. But I edited the $HOME/.Xdefaults file and added the following:
Xft.antialias: 1and that seemed to help the general look and feel of fluxbox (running on Slackware 12.1)
Do note that this is when I have connected my laptop to the 20" LG LCD HDTV. On native LCD screen the rendering is beautiful, much better than the way vista was rendered.