I'd recently upgraded my Mandrake 7.2 installation to KDE 2.1.1, XFree
4.03 and QT 2.3 using the officially available RPMs. There was a "use
anti aliasing for fonts" option in "Styles" section of KDE Control
Center, so I ticked it, rebooted it and...there doesn't seem to be any
difference??
You didn't specify which XFree86-4.0.3 rpms you were using. Last I heard
(and admittedly it's been a week or so since I thought about it), only the
4.0.3-3 supported aa fonts. But you had to update glibc to 2.2 to use them.
The other alternative is to compile qt, kde and xfree86 yourself