Can you give a very brief explanation of the deterministic wallet in Armory, specifically how it achieves public key generation without needing the private keys.

Also your thoughts on how this quote relates to Armory -- 'Visions of a fully homomorphic cryptosystem have been dancing in cryptographers' heads for thirty years. I never expected to see one. It will be years before a sufficient number of cryptographers examine the algorithm that we can have any confidence that the scheme is secure.' Bruce Schneier

EDIT: Okay I see that this is discussed here https://en.bitcoin.it/wiki/BIP_0032.