QUOTE(Wazoo @ Nov 11 2008, 02:53 AM)

...(and most panicked enough to actually try to get into reading specifications may not fully realize that they don't actually understand what they're reading.)
Sounds fairly much like the encapsualisation of the entire human condition with which I more than 'just' coincide

. Yeah, I'm reminded on several levels of the MD5 hash 'crack' (2004) which it simply wasn't and still isn't to all intents and purposes IIUC. So, from my admittedly limited understanding ...
In that case a researcher demonstrated a 'collision' (two different strings with the same hash value) using a partial implementation of the MD5 algorithm. Worth remembering that within months collisions were exhibited on short strings using the 'proper'/full MD5 function and that further collisions on similar principles were demonstrated on SHA-0, MD4, HAVAL-128, and RIPEMD algorithms in short order. Also worth remembering that a collision is not cracking the algorithm - the hash values cannot be predicted, just they can no longer be assumed unique (and, the hash value being of finite length, that could never be taken to be the case anyway). The likelihood of real-world collision (probably) decreases with the length of the string being hashed. AFAIK, MD5 is still perfectly adequate for all but the most stringent applications (and even then might tend still to be used, only in conjunction with one or more other algorithms).
It is dangerous to rely too much on analogy but it would be equally dangerous to assume the WPA vulnerability remains a mere academic curiosity or that its 'graduation' to something else might take a long time. Those are not necessarily random bits that might be injected into the Wi-Fi data stream, so that's a big difference right there. And we're not talking (now) about huge - or even large - computing resources being required to perform a WPA-TKIP attack.
Those having the means to do so would seem well advised to change their WPA encryption standard from TKIP just in case (why not?). It would certainly seem premature at this stage to ditch a wireless router that doesn't have the option (though it seems some might be able to flash a firmware update/upgrade to acquire the option which would accordingly seem a worthwhile thing to do).
"No cause at all for fear," indeed, and while that phrase was (undoubtedly) used by Capt. Eddy Smith more than once in the early hours (local) of 15 April 1912, it is more usually sound advice. But a little prudence is an entirely different matter.