Xiaoyun Wang, one of the team of Chinese cryptographers that successfully broke SHA-0 and SHA-1, along with Andrew Yao and Frances Yao, announced new results against SHA-1 yesterday at Crypto's rump session. (Actually, Adi Shamir announced the results in their name, since she and her student did not receive U.S. visas in time to attend the conference.)

Shamir presented few details -- and there's no paper -- but the time complexity of the new attack is 2^63. (Their previous result was 2^69; brute force is 2^80.) He did say that he expected Wang and her students to improve this result over the next few months.