The Voynich Manuscript continues to inspire decipherings: here are two brand new ones from this year (2007):-
http://www.voynich.info/
http://www.geocities.com/chris123yh/voynich/v1.htm
What I find fascinating about these two is that they both independently look at Voynichese (a good start), decide that it is probably written in some kind of non-obvious cipher (no great argument there), but then conclude that because they can’t decipher it, it must be nonsense, a hoax. What a waste!