TrueCrypt, that is...

Now in it's second round of safety audits, the Open Crypto Audit Project is remaining on track (notwithstanding the apparent closure of the original TrueCrypt project) targeting TrueCrypt for their planned audit, based on the highly successful on-line generated bankrolled. The already published Phase 1 Audit Report (in PDF format), reveals little on the downside, unless you expect ruthless attention to detail, and tight coding best practices...