FreeType 2.5.4 is now released. The new version is already available in custombuild. Here is a quote from http://freetype.org
FreeType 2.5.4 has been released. All users should upgrade due to another fix for vulnerability CVE-2014-2240 in the CFF driver. The library also contains a new round of patches for better protection against malformed fonts.
The main new feature, which is also one of the targets mentioned in the pledgie roadmap below, is auto-hinting support for Devanagari and Telugu, two widely used Indic scripts. A more detailed description of the remaining changes and fixes can be found here.