We solve the antiferromagnetic transition for the Q-state Potts model
(defined geometrically for Q generic) on the square lattice. The solution is
based on a detailed analysis of the Bethe ansatz equations (which involve
staggered source terms) and on extensive numerical diagonalization of transfer
matrices. It involves subtle distinctions between the loop/cluster version of
the model, and the associated RSOS and (twisted) vertex models. The latter's
continuum limit involves two bosons, one which is compact and twisted, and the
other which is not, with a total central charge c=2-6/t, for
sqrt(Q)=2cos(pi/t). The non-compact boson contributes a continuum component to
the spectrum of critical exponents. For Q generic, these properties are shared
by the Potts model. For Q a Beraha number [Q = 4 cos^2(pi/n) with n integer]
the two-boson theory is truncated and becomes essentially Z\_{n-2}
parafermions. Moreover, the vertex model, and, for Q generic, the Potts model,
exhibit a first-order critical point on the transition line, i.e., the critical
point is also the locus of level crossings where the derivatives of the free
energy are discontinuous. In that sense, the thermal exponent of the Potts
model is generically nu=1/2. Things are profoundly different for Q a Beraha
number, where the transition is second order, with nu=(t-2)/2 determined by the
psi\_1 parafermion. As one enters the adjacant Berker-Kadanoff phase, the model
flows, for t odd, to a minimal model of CFT with c=1-6/t(t-1), while for t even
it becomes massive. This provides a physical realization of a flow conjectured
by Fateev and Zamolodchikov in the context of Z\_N integrable perturbations.
Finally, we argue that the antiferromagnetic transition occurs as well on other
two-dimensional lattices