I'm a big fan of the show Security Now with Steve Gibson. A few months back he did a show explaining in-depth the so-called WPA hack. Since then I've seen several people Blog on it and give very misleading information. For example this Blog Entry "WPA Wi-Fi encryption is cracked" by Sherman Hand.
The problem with the information people such as Sherman are giving, is they don't tell you the EASY work around to fix the hack. Yes, TKIP encryption is cracked, wouldn't it be nice then if we had another encryption choice with WPA, ohhh... we do. It's called AES. Simple go into your router and change your encryption method to AES.

Sherman's blog also says that WPA2 is not cracked, well it is if you are using the TKIP algorithm with it. I tried a month or so ago to post a comment to his blog addressing this, but I guess he never approved the comment as it never showed up.