There are automated services that can solve captchas. The system can be cheated with them. Here's a link to one.
http://captchabot.com/en/Mh. I think this would be not a major obstacle. There are different kind of captchas and we can choose an original one (i.e. try to recognize sad faces from happy faces, or name the animal in the picture, or solve the puzzle, and so on... )