What are cons to use Cufon? in term of Web Standards, Accessibility and Performance.
I think if we need smooth text than sIFR is still best with screen reader compatibility.
With @font-face font doesn't look smooth like Cufon and Sifr. but Cufon use canvas tag for each letter which it maked harder to read for screenreaders.
To make font smooth is sIFR still best and accessibility compatibility solution?
Is it possible to get Anti-aliasing like Image, sIFR and cufon with using @font-face?
The best solution is to use @font-face. There are already fail-safe solutions for @font-face. sIFR and Cufon:
Look at the Fontsquirrel's font-face generator for a fail-safe solution.
The jagged corners are mostly caused by the operating systems font API. If you really do need to have smooth cornered fonts, instead of relying on js/flash, I'd suggest generating images on server side and with proper alt tags.