Today, a team of hackers in Japan cracked it in less than a minute. Well, the Japanese built their businesses by doing things faster....
The actual technique won't be revealed for about a month, but here's the key stat -- cracking WPA's took 15 minutes. Now, less than one. This is progress?
The weak link in the chain appears to be the exact same weak link as in WPA -- TKIP (Temporal Key Integrity Protocol) algorithm, which is a setting in your router and device setup. If you are using AES (Advanced Encryption Standard) and third generation WPA2, you are safe at the moment, so update your setting muy promptimo.
Why don't they just open source a wireless protocol, and let the propellerheads who really know about security have at it?