Good news for TrueCrypt, via the inimitable Dan Goodin, writing at Ars Technica, of the apparent clean bill of cryptographic health, as it were...

"The TL;DR is that based on this audit, TrueCrypt appears to be a relatively well-designed piece of crypto software," Matt Green, a Johns Hopkins University professor specializing in cryptography and an audit organizer, wrote in a blog post accompanying Thursday's report. "The NCC audit found no evidence of deliberate backdoors, or any severe design flaws that will make the software insecure in most instances." via Dan Goodin at Ars Technica