no. microsoft introduce this may be 5-6 years ago and that time it only works on ie and the user must used microsoft os, and the font extension is in .ttf(true type font) i think and no need to conversion
suggestion: you can use css fonts like this
CODE
all.my_fonts { font-family: r3d special, Arial, Tahoma; }
.....
.....
<em class="my_fonts">Print this</em>
if the user have the first font "r3d special" the browser will use that, if that font is not installed the browser use the "Arial" font, if Arial doesn't exist the "Tahoma" font will be used, or if all three not exist the default font will be use(in user settings).
anyway i hate installing fonts from download and most users too (i guess)
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