There's alot of FUD in your statement there.

BitLocker in it's "click click next" incarnation stores keys in the cloud, but it is fairly trivial to install in a manner that uses the TPM or external media for key storage.

For example, NIST publishes guidelines for FIPS compliant BitLocker configuration that gives some guidlines re: the different operating modes: http://csrc.nist.gov/groups/STM/cmvp/documents/140-1/140sp/1...

If you have the technical chops / willingness to download TrueCrypt, you should have the ability to spend 10 minutes googling for instructions on a customized configuration of BitLocker.