Worst Captcha Ever

I’ve never been one to submit my blog to any directories, link directories, etc, as I’ve never felt like monetising it. It’s a site I run for fun and it goes through phases of being updated fairly regularly, to not at all and back again.
I recently, however, was reading a blog post about a number of blog directories, and decided to look through a couple of them. After browsing around Blogged for a while, I decided to sign up and see if the site would send any traffic this way. It was here that I encountered possibly the worst CAPTCHA I’ve ever personally come across:
Worst ever CAPTCHA image

Incidentally, what I put in was accepted, so I’m either very lucky, or the second part of the image is ignored!

Can you beat it?