my rig: PW1 with 5.3.9 FW jailbroken and USE_ALT_FONT mod via fontconfig (hidefont.cfg and alternate.cfg)
(thank you to all who do these things and share them

)
the font I use (Amasis MT) has some pronounced kerning pairs (We / Yo etc) and I'm sure there is no kerning on the PW1
with the stock Palatino I'm not as sure but I would say there is no kerning too
so my question: is there an option to enable kerning for the PW1 (stock and/or custom fonts)?
after long deliberation I even tried the fonthack but with all FT overrides I couldn't get kerning
FT should be able to do this I think
BTW: I use the alternate.cfg to enable Antialiasing and disable Font Hinting and I'm very pleased how the fonts look (font size 3-4)