BoxCryptor works perfect for me, but there's one thing about it I can't figure out:
Why is the the padlock (the menu bar icon) closed (= locked), if the volume is mounted (= unlocked) and open (= unlocked), if the volume is not mounted (= locked)?
I would expect it the other way round (like the keychain icon of OS X)...
I would expect it the other way around too.
Windows 7 has the same lock / unlock icon behavior as you describe.
Although it's a minor issue, I'm not sure whether it's a good idea to change the behavior of icons, but it certainly would look more consistent.
this is now fixed in the upcoming ver. 1.0.5 for Mac.
Thanks for your feedback,
I'm running 1.0.5(7) on OSX 10.8.1 and am still seeing the reversed padlock icon issue (unlocked icon when it's really locked - locked icon when it's really unlocked).
Please fix. Thx!