Evolution of the 'Captcha'

FireballX301 writes: The New York Times is running an article about the small word puzzles various sites use in order to defeat automated script registration while still letting humans through. It seems many people can't actually solve them anymore, so new alternatives (image recognition) are being created. This, of course, seems breakable as well — is there a feasible alternative to the captcha, or are we stuck jumping through more and more hoops to register at places?