I have come across several very good free open source programs on SourceForge.net
Audacity - Cross-Platform Sound Editor
Lame - MP3 encoder / transcoder
TrueCrypt - disk encryption software for Windows XP/2000/2003 and Linux (for a good description of TrueCrypt listen to SecurityNow episode #41 or read the transcripts)
GIMP - GNU Image Manipulation Program with features similar to PhotoShop
FileZilla - Fast FTP client and server
FreeNAS - NAS (Network Attached Storage) server with a Full WEB configuration interface. Fit on a 32MB Compact Flash or USB key.
7-Zip a file archiver with high compression ratio.
... and some I've been using for a while
DBAN Deriks Boot and Nuke - Secure harddrive erasure.
OpenOffice - Cross-Platform Office Suite
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