] "The Neo Project, a group of distributed computing
] enthusiasts, on Wednesday said on its Web site that it
] had resumed its attempt to crack an encryption key used
] to digitally sign software for Microsoft Corp.'s Xbox
] video game console."

So, this is the first example of someone cracking a real key via distributed means. Of course, Microsoft could easily shut this down, but that may prompt moves to develop distributed cracking systems that are themselves secure from attack.

ITworld.com - Xbox encryption key hackers revive effort