After upgrading to ArcGIS 10.1, I am getting LOTS of overset text in my exported .ai (CS5) (with the little red crosses and letters missing from my labels).
This wasn't a problem in ArcGIS 9.3. There may have been a couple of instances and they could be fixed by extending the line. In 10.1 there are way too many errors and in many cases the missing letters are just that... missing.
I have been able to either export or print to a pdf from ArcMap and open the pdf in Illustrator and save as an .ai file, but I am concerned there are other issues I am not readily seeing as this is a large complex map.
Any insight would help. I'm kind of at the pulling my hair out stage due to an approaching timeline crunch.