space_in_your_face writes "An international team has broken a long-standing record in an impressive feat of calculation. On March 6, computer clusters from three institutions (the EPFL, the University of Bonn, and NTT in Japan) reached the end of eleven months of strenuous calculation, churning out the prime factors of a well-known, hard-to-factor number — 2^1039 - 1 — that is 307 digits long."
The lead researcher believes "the writing is on the wall" for 1024-bit encryption. "Last time, it took nine years for us to generalize from a special to a non-special hard-to factor number (155 digits). I won't make predictions, but let's just say it might be a good idea to stay tuned."