Good post...

I have played with many of these types of programs.
Most of the time you simply need to image the drive or partition, and then mount the image
and have full access to the files. This is also so with MS EFS as it relies on ntfs.
Linux boot disk can have the same effect on most file/folder encryption schemes.

False sense of security for people I think.

If it relies on the filesystem or memory resident programs / services for encryption, there is
really no security.

Limiting physical access can help of course.