Well, my $0.02 -

We have to enter long and complex passwords. In one application I have in mind, I'd like to be able to display it in clear text as it's entered and then mask it as focus of the field is lost.

Since we're entering a PW that will then get pushed to potentially hundreds of servers, the effect of a bad PW can be more than just aggravating. This method lets us review what we've typed before hitting the COMMIT button.

Glenn
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Actually I am a Rocket Scientist! \:D