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Open-Source or FIPS-Validated Disk Encryption? 74

j_crane asks: "Our company is looking for disk encryption software that runs on Windows XP/2003 and Linux. There are hundreds of commercial disk encryption programs (most are Windows-only though). Some of them are FIPS-validated by the US NIST, but none of these are open-source. On the other hand, there is an excellent open-source on-the-fly disk encryption software, called TrueCrypt, for Windows and Linux (the program even provides plausible deniability), but it does not have a FIPS-validation. Which would you prefer -- open source or FIPS-validated -- and why?"

Theory is gray, but the golden tree of life is green. -- Goethe