http://math.ucr.edu/~mike/zipattacks.pdf

If I'm reading this right, it says that Zip files using the default 
DEFLATE compression and the default password-protect mechanism can be 
decrypted on a 500MHz Pentium-II in a few hours. (In particular, that 
you can use flaws in the algorithm to figure out the decryption key, 
*without* needing to run a password cracker.)

If that's true... is there some software somewhere which implements this??

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