It looks like they support any app that uses the TOTP protocol, so google authenticator, among others, works with this seamlessly.
For those who don't have iOS/Android/BB and/or don't want to use Google Authenticator, Wikipedia lists a few compatible applications: https://en.wikipedia.org/wiki/Google_Authenticator
These work for Gmail too.
Finally gave up, considering how weird the idea seemed for most people. Glad that dropbox saw how interesting this is, especially in the light of the recent journalist hacks.
Hopefully, icloud will be next :-)
For those who don't have iOS/Android/BB and/or don't want to use Google Authenticator, Wikipedia lists a few compatible applications: https://en.wikipedia.org/wiki/Google_Authenticator
These work for Gmail too.