Is it just me or are downvoted posts completely unreadable? It would be nice if there were an "unhide" button or something; it's extremely annoying to have to squint to read it.
I've found 1Password (http://agilewebsolutions.com/products/1Password) to be a great solution to this. It automatically generates passwords for you and saves logins on an encrypted file. The only problem I've found with it is that when you go to use a friend's computer or a public computer you don't always know your passwords. A web service version of it would be convenient, but the security implications are obvious..