It's very kind of you to respond! I would certainly never trust it to share with someone else :) but I'm perfectly happy to accept the risk myself.
But it's not just me using a system like this. Everyone using SuperGenPass is using something similar too. That's why I think it's important to talk about it more.
I find it all very interesting so I try to learn where I can, but I leave the security stuff to our resident Chief Defender Against the Dark Arts (Jeff in the blog post). He's the guy who understands all of the security implications. He talks and I listen and try to absorb everything I can.
I figured that article was at least worth mentioning here.
http://blog.agilebits.com/2012/11/08/dont-trust-a-password-m...
I suspect you'll find that at least somewhat useful :)
Kyle
AgileBits Support