PICASSO is a direct dark matter search experiment installed at SNOLAB, Canada. It uses droplets of superheated C4F10 as the active detector medium and is designed to search for spin-dependent WIMP interactions. In this talk I will discuss our result from last summer which substantially restricted the interpretations of the DAMA/LIBRA annual modulations in terms of spin-dependent interactions. I will also give some insights as to where we are heading in the future.