Besides the knee-jerk reaction, it all depends on what you're defending against. If the NSA went around opening Truecrypt containers for every criminal case, their cover would be blown. So if you're keeping stuff from the local PD or thieves breaking into your house, even a supposedly backdoored app is better than cleartext.
That said, TC has been audited by what I hear is a reputable group of people, who say there's no evidence of severe crypto vulnerabilities.
That said, TC has been audited by what I hear is a reputable group of people, who say there's no evidence of severe crypto vulnerabilities.