Would anyone take this threat seriously enough to switch encryption software?

Russian firm ElcomSoft on Thursday announced the release of Elcomsoft Forensic Disk Decryptor (EFDD), a new forensic tool that can reportedly access information stored in disks and volumes encrypted with desktop and portable versions of BitLocker, PGP, and TrueCrypt. EFDD runs on all 32-bit and 64-bit editions of Windows XP, Windows Vista, and Windows 7, as well as Windows 2003 and Windows Server 2008. The price tag isn’t outrageous, but EFDD will still set you back a solid $299

http://thenextweb.com/insider/2012/12/20/this-299-tool-is-reportedly-capable-of-cracking-bitlocker-pgp-and-truecrypt-disks-in-real-time/