Computer scientists achieve 'iron wall' software obfuscation to protect IP (Wired UK)

A team of computer scientists at UCLA, IBM Research, and UT-Austin have designed a system to encrypt software that allows a person to use a program as intended while preventing the deciphering of the code behind it

Color me skeptical that anything is completely crack proof. I also have mixed feelings about enabling further holds on the software that consumers run. I do, however, understand the need for further secrecy and privacy for individuals, given the always-connected world we live in today.