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Probably works as well as McAfee Endpoint Encryption, which we have here at work. Lovely bit of kit, as our U.K. friends say. If your computer fails and you need to move your hard drive elsewhere to read back the data, you are irretrievably and utterly elephanted. The drive is encrypted such that the data is only usable in the original hardware it is installed in.
Toe-may-toe, toe-mah-toe, let's call the whole thing off. The purpose of most IT departments is to cram so much sh!t on their users' PC's such that they are rendered unusable without constant action by the aforementioned IT department, thereby justifying their existence.
My argument is that the McAfee thing renders data unrecoverable for precisely those users who are least likely to make proper backups. It protects the company if a device is misplaced or stolen. It also risks the company in that it renders data on company computers inherently unsafe.