Now a contender in the Full Disk Encryption market.

http://www.truecrypt.org/docs/?s=version-history

New features:

    *

      Ability to encrypt a system partition/drive (i.e. a
partition/drive where Windows is installed) with pre-boot authentication
(anyone who wants to gain access and use the system, read and write
files, etc., needs to enter the correct password each time before the
system starts). For more information, see the chapter System Encryption
in the documentation.   (Windows Vista/XP/2003)
    *

      Pipelined operations increasing read/write speed by up to 100%
(Windows)
    *

      Mac OS X version
    *

      Graphical user interface for the Linux version of TrueCrypt
    *

      XTS mode of operation, which was designed by Phillip Rogaway in
2003 and which was recently approved as the IEEE 1619 standard for
cryptographic protection of data on block-oriented storage devices. XTS
is faster and more secure than LRW mode (for more information on XTS
mode, see the section Modes of Operation in the documentation).

      Note: New volumes created by this version of TrueCrypt can be
encrypted only in XTS mode. However, volumes created by previous
versions of TrueCrypt can still be mounted using this version of
TrueCrypt.
    *

      SHA-512 hash algorithm (replacing SHA-1, which is no longer
available when creating new volumes).

      Note: To re-encrypt the header of an existing volume with a header
key derived using HMAC-SHA-512 (PRF), select 'Volumes' > 'Set Header Key
Derivation Algorithm'.


      Improvements, bug fixes, and security enhancements:

    *

      The Linux version of TrueCrypt has been redesigned so that it will
no longer be affected by changes to the Linux kernel (kernel
upgrades/updates).
    * Many other minor improvements, bug fixes, and security
enhancements.  (Windows and Linux)

      If you are using an older version of TrueCrypt, it is strongly
recommended that you upgrade to this version.


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