Heroine's Quest has just been released. It is available, for free, at CrystalShard.net.

Heroine's Quest is a full-length point-and-click adventure-RPG in the vein of Quest for Glory. The game is fully loaded with music soundtracks and voice acting. You can check out some Let's Play videos on YouTube.

Cyrstal Shard previously made A Tale of Two Kingdoms, which is another high-quality free full-length click-and-point adventure game.

Well, actually it was released last year. ;-p Here's the link as you can't post them due to rep: http://www.indiedb.com/games/heroines-quest (changed to indieDB as at least it allows standalone download. It's older version unfortunately).

Actually, now that I look at it, they've removed the direct download link now that they're on steam :-(. That's completely idiotic. I guess, I'll remove it from my site as I refuse to advertise steamshitware. Anyone know where one could download the 1.2 version without having to touch steam?