Does the atv now have support for subtitles?

I have converted all my movies to m4v format and they contain soft subtitles. On its original state the atv would not support those. now with the hack would it support them? also, i have seen many complaints about subtitles appearing very small. is that fixed in the new flash version? It is important to me to know this since it would determine if i buy this hack or not. thanks

Yes, if you have an srt file with the same name as the video file, the subtitles will play normally. They are not huge, but they are readable.

Any plans for embedded subtitle support? .OGM and sometimes .AVI has subtitles. Also, many of my files have dual languages, any plans to support switching between them?