What are some alternatives?
When comparing My Script Font and BirdFont, you can also consider the following products
Fontself Maker for Photoshop - Turn any lettering into color & vector fonts
FontForge - Free (libre) font editor for Windows, Mac OS X and GNU+Linux
FontStruct - FontStruct. Build, Share, Download Fonts
FontLab VI - font creation and editing, including variable fonts and color fonts
FontCreator - This professional font editor allows you to create and edit TrueType and OpenType fonts.
Type light - With Type light you can design, edit and convert OpenType, TrueType and PostScript fonts.