As reported now everywhere, WPA has been cracked. 12-15 minutes according to one article. Rather than rehash all the info there, just go to the Storm Center articles and get all the links and the latest info. They really do a great job staying on top of this stuff.
Oh, and move to WPA2 if you haven't already. it's not affected, and unless your AP/Wireless Router is older, it's probably already supported.
http://isc.sans.org/diary.html?storyid=5300
http://isc.sans.org/diary.html?storyid=5315
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