Font Creator

im not sure if this is the right place to put this but...
i was wondering if there is any good font creator/editor out there. i dont need it to do anything special, just the very basics. if there is any freeware i am sure that will do what i am looking for. or if there is somethiog that comes with os x that would be great

I know that Macromedia has software called Fontographer. I don't think it got updated for some time now. But i hear it's great software...