According to the Audit that is going on it seems that TrueCrypt 7.1a is still save to use. Two different projects have formed to pick up and fork TC.
CipherShed and
truecrypt.ch. The truecrypt.ch forum has been down for a while now, so I am not sure what that is about. There have been a few differences between the two projects, but also attempts to cooperate.
The CipherShed forums are still new and can be found
here. Feel free to post your expectations, wishes and others!
compul