IronKey as released an USB key quite impressive. The file AES encryption is done onfly in hardware (see the diagram). Combine this with a strong build and you have a cool secure key. It is really something I have look forward to strore my personnal file.
Documentation said it works on Vista and XP with no software install. Thus I guess it works pretty much as a U3 USB works. I may get one and try it on my Linux.
The important point is that it use an embeded cryptochip to perform the encryption which as far as I know is unique to this device. The Cryptochips include AES-CBC and PRNG. It seems a great piece of work.
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