I've read a lot of speculation about the 51% attack but a recent bit of FUD made me reconsider.
For your consideration:
http://www.youtube.com/watch?v=h2u3BNiANVA skip to around 3:40 for the juicy part.
Basically he is saying that any entity with roughly 35% of the network could reasonably expect to be able to perform a 51% attack within 7-10 days...
I thought this was nuts. no chance. so I went and checked the last 100 transactions at btc guild and boom, 6 blocks in a row (233302-233307 check it yourself)
since you can currently spend bitcoin after 6 confirmations, does that mean that creating the last 6 blocks allows you to double-spend?
what exactly is required to perform a "51%" attack?