The new CAPTCHA is still under development. We are willing to listen to any suggestions that you guys feel that would make it better. Things like "make it more readable" are not responses that will help. Things like "The two at the front looks slightly too curvy" is way more helpful.
Also, the information for generating these images are right inside of one file. If you feel that you can come up with a better bitmap/vector, post it! If you find a better font, tell us!
All work in CVS is a work in progress. The fight against spam is never really over. Also, the work that is in the current CVS does not represent total progress. There are more things up ours sleeves
Of the three methods, two of them were displayed. An example of the third is

The answer is
PGRU3BWS