From the original article:
QUOTE
Yet some of that activity can be ethically murky. Aleksey Kolupaev, 25, works for an Internet company in Kiev, Ukraine, and in his spare time, with his friend Juriy Ogijenko, he develops and sells software that can thwart captchas by analyzing the images and separating the letters and numbers from the background noise. They charge $100 to $5,000 a project, depending on the complexity of the puzzle.
According to the caption under his picturee, Aleksey sells his software to legit companies and to spammers. Gee ... thanks; and gee ... look where he lives!
Caption under last image:
QUOTE
Well, in general it's still not perfectly readable but it's extremaly hard to break, that's for sure!
If this is the future, I'm with RHP ... I won't be joining any new boards.