Florence Luy asks the question: "Is the writing on the wall for 1024-bit (RSA) encryption?"
Dutch mathematician Hendrik Willem Lenstra: "The answer to that question is an unqualified yes."

Florence Luy, Hendrik Lenstra, “A mighty number falls”, 21 May 2007, École Polytechnicque Fédérale de Lausanne

“When will we be secure? Nobody knows for sure – but it cannot happen before commercial security products and services possess not only enough functionality to satisfy customers’ stated needs, but also sufficient assurance of quality, reliability, safety, and appropriateness for use. Such assurances are lacking in most of today’s commercial security products and services.”

Brian Snow, Former Technical Director of the US National Security Agency (NSA), "We need Assurance", 2005

"Unfortunately, the security issues of a technology near the end of its lifetime are typically overlooked.  The best known example is that of cryptographic keys and algorithms which may need to offer in some cases security for 50 to 100 years."