Forum Moderators: phranque
A visit to [captcha.net...] (a project at Carnegie-Mellon U) shows some of the new stuff being tested. They came up with a really tough OCR challenge, with words almost completely overprinting other words. As challenging as this is, it seems that other labs have already broken this and are achieving a fairly high success rate with automated reads.
Some of the other techniques involve requiring the user to look at photos of animals and then identify the types, or to identify a common item in several different photos.
One, dubbed Bongo, requires the user to match graphic elements with one of two groups of other elements; the first one I viewed was not trivial. I don't know how effective this is against rogue programs, but I think that it might be right for your site if you share a lot of traffic with, say, mensa.org. ;)