The NCC group came out with there finding of the Truecrypt audit. They didn't find too much wrong with the code and what they did find wasn't anything earth shattering that would allow any encrypted files to be compromised. What they did find wrong was a problem with the random number generator and they way it deletes information from RAM. Though sadly none of this will be fixed in Truecrypt since the developers decided to end development on the project. Though thanks to lifehacker I found out a program named VareCrypt which has taking up the development of TrueCrypt and hopefully they will fixed what is wrong. If you want you can read the whole TrueCrypt audit here.