"Free...
Reading the inq is free too. Doesn't mean it adds any value.."

I'm sorry, it that supposed to mean something?
Is it bad because it's free? Huh? What? Err?

I installed TrueCrypt on my laptop and ran some benchmark tests.

Benchmark Results:
http://www.full-disk-encryption.net/wiki/index.php/TrueCrypt#Benchmarks

Pros:
1) Easy to use product. Simple clean interface. Very user-friendly!
2) Free and Open Source
3) Multiple Encryption and Hashing algorithm available.

Cons:
1) Buffered Read and Buffered Transfer Rate was almost halved after TrueCrypt FDE was enabled :-(.
2) Access Time for large file (250+MB) increased by 11%.
3) The initial encryption of the 120 GB HDD took 2 hours.

Reading the inq is free too. Doesn't mean it adds any value...

Therefore the UK Gov wont use it.

It also murders your computer's performance. :D

"Truecrypt uses passwords, not data keys"

TrueCrypt can use either passwords or data keys. (Configurable)

Since when does any IT bod worth their socks try out 'x.0' of anything....

:-)