Hooray! Modern installer will be available in (hopefully) FreeBSD 9.0.
With support for (a lot more) modern features of FreeBSD.
From the latest FreeBSD Status Report:

From the latest FreeBSD Status Report:
Code:
New System Installer -- pc-sysinstall
URL:
http://lists.FreeBSD.org/pipermail/svn-src-all/2010-June/025660.html
URL:
http://www.BSDCan.org/2010/schedule/attachments/142_pc-sysinstall-kris-
moore-2010.pdf
Contact: Kris Moore <kris@pcbsd.org>
Contact: M. Warner Losh <imp@FreeBSD.org>
The new system installation backend, pc-sysinstall, was merged into
HEAD recently and work is already underway to make it more functional
and useful as a complete replacement to standard "sysinstall". It is
written 100% in shell, not requiring any additional tools from what is
standard to FreeBSD. The backend already supports a number of exciting
features such as:
* ZFS (Including support for raidz/mirror/multiple device pool
setups).
* Disk encryption via GELI(8).
* Auto labeling of file systems with glabel(8).
* Big disk support using GPT/EFI.
* Full Installation Logging, which is saved to disk for post-install
inspection.
In addition to the features above, pc-sysinstall is unique, in that
every install ends up being a scripted install. Front-ends, be it GUI-
or text-based, simply generate the appropriate system configuration
file, and pc-sysinstall does the grunt work of the actual installation.
This is important for a couple of reasons. First, it makes the task of
front-end development much easier by not needing to worry about a
backend-driven program flow. Second it means that any front-end can be
used to generate the installation configuration file, which can then be
copied or modified to perform automated installs.
While pc-sysinstall is still relatively new, it is already in use as
the default backend for PC-BSD 8.0 and 8.1, and has been getting a very
good reception and any bugs found are fixed quickly. A text-based
front-end is already in the works which will allow installation media
to be created without X11 support.