There is a video clip on YouTube at the moment, which shows a team making easy work of Thatcham and Sold Secure approved chains (including models from Abus, Datatool and Oxford).
The specification calls for the chains to resist attack by physical means for up to five minutes - some of the chains last for as little as 17 seconds before giving up to the bolt-cropper used.
[YOUTUBE]VC3hFr8p2ck&eurl=[/YOUTUBE]
Given the ease at which the team appear to attack the chains, if this is the only means you have of securing your bike, time to look at adding additional layers of security.
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