The feh-1.2.5 ebuild needs /usr/lib/libttf.so.2, which is provided by freetype-1.3.1-r3, but not the "current" freetype-2.1.4. Easy fix is to also build the old freetype-1.3.1-r3 of course, but it should be fixed. Note that there is a feh-1.2.6 out, which may or may not fix the problem.
On vacation in Greece until September, reassigning to bug-wranglers so bugs don't go stale.
how about 1.2.6 ?
Added dep on <media-libs/freetype-2 in 1.2.5 and 1.2.6, so that we get a working freetype installed at compiletime.