You make me cry a little everytime I see your replies. I will before-hand declare that this is my last response to your impeccable rant of stupidity, but I feel the need to put out these points.
Yes, you did just say a few posts back, that "OP asked for protection, not virtualization", thus claiming that virtualization is not protection.
Yes, OP asked for a native packer, as he asked for a packer for his Win32 file. Win32 is a native format, unlike .NET which is a non-native format. If you claim otherwise, I'll die of laughter.
Nope, Themida is not useless. It might be easily unpacked (since LCF-AT made a superior script), but there's a big difference between unpacking and devirtualizing. If you have succesfully unpacked a file, no matter how you did it, the file is still protected (as an unpacked software) as long as the virtualization is not broken (which is a whole different league to unpacking). The virtualized code sections will not be made readable by any public tools, and there are very few people world-wide who has even got the capability of making such tools. So nope, I'm not unknowledgeable. Actually, I'd go as far as to claim that on the contrary, I am moderately knowledgable and you are simply extremely uninformed.
Yes, OP was looking for constructive feedback, which is why I striked down on you, as you were supplying false information.
Oh my god.. I don't even know what to say to this... Themida not an obfuscator? If you had the time to properly read that image, you'd immediately notice the big fat .NET in front of the obfuscator. They're saying it's not a .NET Obfuscator, which means it doesn't obfuscate the IR for .NET. It is however, a compressor, an obfuscator and a virtual machine software for native formats.