WPA/TKIP encryption cracked in one minute

"The second generation of Wi-Fi security systems has now been broken as badly as its notoriously insecure predecessor:  Japanese researchers say they can crack WPA/TKIP (Wi-Fi Protected Access, using Temporal Key Integrity Protocol algorithm), the successor to the old-school WEP (Wired Equivalent Privacy), inside of a minute's time spent eavesdropping on a wireless network...

WPA/AES (Advanced Encryption Standard algorithm), plus devices that use WPA2 -- the third generation of wireless security standards -- are still safe... for now."

Full story:  http://tech.yahoo.com/blogs/null/147906