> VeriSign claims its 128-bit $889 Secure Site Pro Certificate is
> the strongest encryption available.  Is this true?

That's using 128bit RC4 for the bulk encryption of SSL/TLS traffic between
server and client.

> If so how is it possible to create a 1024 bit or greater RSA private key
> with OpenSSL?

It's a different crypto/cipher algorithm.  In most SSL use, RSA is used
to exchange a bulk encryption key.  So you need both.  You should ask
Verisign how big a key they're willing to sign; will the 2Kbit RSA key
in their CA sign a cert for a 4Kbit key? :)

> Also what's the maximum bit value that OpenSSL supports?

Depends on the cipher.  At least as much as the standards specify. :)
OpenSSL has supported 128bit RC4 from day one.
        /r$

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