change your screen resolution and antialias the font, print it out to a bitmap, make an image of the bitmap area with the text on it and set the antialias on to smooth it and display it on the screen, in that top image your screen resolution is so low it makes the font blocky, it can`t display just 1/2 a pixel

, try drawing lines and you will get the same thing, try
set display mode 1024,768,32
that should give you a smoother font, if you don`t want to go to that high a resolution then you will have to antialias the font in some way, you could blur the bitmap with
blur bitmap 1,3
to provide a crude antialias, first number is the bitmap and second is the amount of blur from 1 to 6, photoshop will look neat since it is probably at a higher resolution (like your desktop) and it`s meant to make things look good anyway, take a look at the font under zoom in photoshop, it wont be so smooth then, cheers.
Mentor.