Depends on the encryption used. There are many, many popular encryption systems that are not feasible to break. Brute force is rarely successful, assuming no deictionary words.
I agree 100%, but the fact it can be broken if you can be bothered to wait 1 week/ 1 month/ 1 year means it isn't secure in the first place.
I know full well it can take computers like Deep Blue over 100 years to crack certain encryption algorithms, the point I was trying to convey is that a simple password protection on files such as *.pdf's, *.rar's, etc isn't worth 2 bob as a semi trained lab rat can break them with a £299 computer from PC World in a very reasonable time frame.
Many application passwords are a bit lame. ZIP's ones are pretty good, as by the time its brute forced, chances are the info in it is redundant.
Ultimately, any encrypted document that is distributed in any form - electronic or paper - can be decrypted given enough time.