Fixed. Sort of.

Basic information: the problem is not fixed with the 12.8 or 12.9 for me, as I use Kernel 3.6.6, and those ATI Drivers don't work with them without heavy patching. So I need to use 12.10
or newer.
I had the same problem with 12.10. Solution is to use the
12.11 beta driver from the ATI site, which works with the fonts again (I removed the fonts folder, so it uses the systems fonts). The driver is faster than 12.10 even, rezzing works far faster on my Lenovo E135 with AMD E-1800.
About the watermark (AMD puts a watermark into all their beta drivers which are quite annoying), put this here:
into
/etc/ati/signature. After logging in and out it is gone.
In general, updating to the 12.11 beta is in my opinion better than downgrading to 12.8 or 12.9, as these are more faulty and slower, a sit seems. I had so far no instabilities with the 12.11 beta.
Hope it helps, Xe.