I just want to point out that TrueCrypt is open(ish) source and the license was modified in the latest update in such a way that could be interpreted as allowin

I just want to point out that TrueCrypt is open(ish) source and the license was modified in the latest update in such a way that could be interpreted as allowing forks (and it's unlikely that the TrueCrypt devs would ever actually deanonymize to enforce any license violations anyway). Considering that we've all been happy to keep using TrueCrypt for these last 2 years without even minor updates and the Phase II audit is going on as planned, I think it's a bit premature to be looking into alternatives at this point. I would give it a better than average chance of being forked, and it's already stable, well-tested, cross-platform software that can be used in the meantime. There are mirrors of version 7.1a available to anyone who didn't already have TrueCrypt installed.