There's very little point in using WEP - you may as well put up on open access point and at least be a friend to your neighbours. It's so trivially easy to break, that I doubt it would be any protection in court against someone unauthorised using your wifi to do something illegal (and it gets tracked back to your wifi).
It seems that while the bug is in the standards, Windows and MacOS engineers didn't read the literal spec properly, and accidentally mitigated the impact this bug has on those platforms. How secure wpa_supplicant 2.2 is I don't really understand yet, and it'll probably take until exploit code is released before we can test it properly. The stuff I've been reading recently talks about nonce reuse, but I've also heard about this resetting the key to 0 - presumably that's a different CVE.
[doublepost=1508286840,1508262728][/doublepost]The latest computerphile video is about this attack:
They seem to suggest it's about the counter getting reset to the nonce value, but I note one of them asks the other what would happen if the encryption key was zeroed, so that may be something else that's going on somehow. But it does sound like the thing that wpa_supplement gets right that makes it go wrong is this nonce reuse.