Recs.
Updated
SpecsUpdate
Pros
Pro Available in Mono, Sans, and Serif
There are a couple advantages to using a proportionally spaced font in code: comfort of reading, ease of spotting typos, and better differentiation between different kinds of code with font styles. Fontbureau dedicated an entire page to this topic. Unfortunately, a lot of text editors only support monospaced fonts.
Pro Clear distinctions between similar characters
The font is easy to read, has a clear distinction between similar character types, is very customizable with weight and line height. Free for personal/unpublished usage. You can customize the font how you like it on their site before downloading it to use.
In some fonts, it's difficult to distinguish between similar characters such as i/L/1, or o/zero, or m/rn. This font does an incredible job at making all of these examples clearly identifiable.
Cons
Con Hard to distinguish "8" from "B" at low sizes
This often impacts upon designers working with hexadecimal numbers. Many fonts address this by either changing the x-height for numerals, making "8" more of an hourglass shape, or making the "B" cap smaller. At 10 pt, there's less than three pixels of a difference (anti-aliased).
Con Gets the job done, but not rounded enough to be pleasant/easy on the eyes
Con Decimal digits can blend together in Mono variant
A lot of decimal digits have a similar form, 2's can sometimes look like 8's and so forth, which makes long strings of digits hard to read. I find other fonts like Consolas's digits more legible even at smaller sizes.
In the proportional variants this is less a problem.
Con Easy to confuse lowercase "i" with "1" if you're not used to it
The dot is so close to the body that they fuse, and with the serif on top it looks like the cap of the letter "1". When you put them side by side it's easy to see which one is which, but if you see a code that reads "a+=i" you're going to read that it increments a by 1.
Con The tilde is indistinguishable from a dash
Tilde is basically indistinguishable from a dash, unless you blow the size up huge. The curves in the tilde are too shallow.
Recommendations
Comments
Flagged Pros + Cons
Pro Clear distinction between similar characters
The font is easy to read, has a clear distinction between similar character types, is very customizable with weight and line height. Free for personal/unpublished usage. You can customize the font how you like it on their site before downloading it to use.
Out of Date Pros + Cons
Con Too tall
The characters are too tall compared to their width. Causes fewer lines on the screen.