Encryption under win2k/XP??

Unless I really missed a feature, files are not encrypted. They are just looked from non owner users, unless you explicitely allow non owner users to vew the files. It's kind of password protected right, not encrypted... did I miss a feature??

In my case I've put a password on my computer, and I lock down the computer when I leave it, so no one could read the logs (or anything else)... only works when your room-mates/girlfriend/brothers/sisters are not geek like me :P