I just played a game as White against Shredder 11, with the program playing at full strength.
It was somewhat of a closed Sicilian.
I resigned after 30 moves.
We had the same time controls (an hour each), and I played to draw.
Shredder didn't dominate the game and I think that if I had just 30 minutes more on my clock I could have easily drawn the game... ofcourse maybe I'm just hallucinating

(didn't have an hallucinating smiley).
I have a P4 3.2GHz and the program used 256MB for the hashtable.
This is the game for whomever is interested (the number in {} is the time it took to make the move in seconds):
1. e4 c5 2. Nc3 {0} d6 {0} 3. d3 {33} Nf6 {77} 4.Nf3 {161} e5 {70} 5. Ne2 {130} Nc6 {84} 6. Ng3 {139} h5 {84} 7. h4 {41} Bg4 {85
} 8. c3 {95} g6 {144} 9. a4 {368} Nh7 {110} 10. Be2 {201} Be7 {62} 11. Nf1 {136
} Bxf3 {0} 12. Bxf3 {48} Bxh4 {13} 13. Ne3 {95} Bg5 {0} 14. g3 {267} Bxe3 {0}
15. Bxe3 {14} Ng5 {67} 16. Bg2 {55} Qf6 {223} 17. f4 {85} exf4 {0} 18. Bxf4 {
123} O-O-O {65} 19. Qd2 {104} Ne6 {0} 20. Be3 {20} Ne5 {128} 21. Rf1 {104} Qe7
{12} 22. O-O-O {132} h4 {0} 23. gxh4 {63} Rxh4 {0} 24. Rh1 {79} Rdh8 {68} 25.
Rxh4 {156} Qxh4 {102} 26. Rh1 {66} Qxh1+ {84} 27. Bxh1 {6} Rxh1+ {69} 28. Kc2 {
15} Nf3 {48} 29. Qe2 {95} Rh2 {0} 30. Bf2 {12} Ned4+ {50} 0-1