Ruby 1.9
(because of the regex)
Number of characters: 296
def d(s)
while m = s.match(/((?\((?:\\[()]|[^()]|\g)*\)))/)
s.sub!(m[:pg], d(m[:pg][1,m[:pg].size-2]))
end
while m = s.match(/(-?\d+(\.\d+)?)\s*([*+\-\/])\s*(-?\d+(\.\d+)?)/)
r=m[1].to_f.send(m[3],m[4].to_f) if %w{+ - * /}.include?m[3]
s.sub!(m[0], r.to_s)
end
s
end
EDIT: Includes Martin's optimization.