Long time no post!
Well, check out the article at code.box.sk Newsletter for a Reverse Engineering challenge. The answer is given on the site, but Ill try to crack it on my own, once I get back to Bombay. Ill post my solution here when and if I manage to do it.
Here is the link for the newsletter. See the "Code Challenge: CRACKME Application" on page 25.
If anyone reading is interested and can crack it, post your solution in the comments.