I think the point is that it's true VGA. From there you can scale fonts UP to where you're comfortable. Scaling UP in VGA means that fonts stay looking nice in any program, Scaling DOWN fro QVGA means that you may still get pixel doubling when trying to use a small font (making it less readable).
At least, if I'm understanding this correctly.
Doesn't Tweaks2k2 do a similar thing now too? It's not free, but it has a lot of other...well... *tweaks*.
