Well, I was giving times it would take to have a 50% probability of finding it.
And yeah, 8-letter passwords are going to be a lot quicker. That would still take decades, though, unless you're doing thousands of checks per second.
http://en.wikipedia.org/wiki/LAN_Manager_hashThis is what I was referring to earlier. If you're using XP or earlier, there's probably one there for your password.
The issue with LM hashes is that they're not salted (meaning a rainbow table attack is feasible; basically, look on a giant table of hashes, find yours, and you'll see a password that matches it that you can use), they're single-case alphabetical, and the password is split into 7-character segments that can be cracked individually.
Of course, I could be way off on my times. I probably am, because I'm assuming what is probably a very low number of calculations per second. With enough calculations per second, even on a single computer it could wind up just taking hours instead of days or months or what-have-you.
Seriously though, there are rainbow-table based cracking methods that can get through an LMhashed password in minutes, if that. There's an implementation of it referred to in that Wikipedia article.
[EDIT]
http://en.wikipedia.org/wiki/Ophcrackhttp://ophcrack.sourceforge.net/Here you are. Have fun.
You can burn this to a bootable CD and do what you will from there. Please use these powers for good and not evil.