I ran into the following web based password manager that uses the
Host-proof hosting paradigm:
http://www.passpack.com/info/home/

Host-proof hosting paradigm ensures that only client can access and
manipulate the stored data by providing a passphrase which is never
transmitted to the server. The server is limited to persisting and
retrieving whatever encrypted data the browser sends it, and never
actually accesses the sensitive data in its plain form. All encryption
and decryption takes place inside the browser itself. See:
http://en.wikipedia.org/wiki/Host-proof_hosting
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