A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
I see your point about the protection being stronger if someone uses Passware or another good protection removal. Have you tried it with Excel 2007? Can they really break the new hashes in a short time?
I tested with Excel 2013, because that's the version it's all about in this thread.
I didn't have to test with previous versions, because with Excel 2007 and Excel 2010 my workbook and worksheets programmatically protected during file opening, loaded (opened) immediately and there wasn't a problem with those versions. The slow loading appeared just with the new Excel 2013 due to the programmatic password protection during file opening. This was not the case with the previous versions of Excel.
As I wrote, my password protected workbook containing 16 password protected worksheets was unprotected in a couple of seconds using Passware Kit 11.1 which I own. I started to use this software years ago because regularly I forgot my Excel passwords and hence I couldn't unprotect my worksheets anymore.
So I persist saying the reason quoted from the MS developers about the stronger protection method in Excel 2013 to keep my programmatically password protected workbook and worksheets loading much slower than in previous Excel versions is not very convincing, sorry to say that.
Best regards
Jacques