>1.  choose the same password for multiple applications (a definite no-no);

In your 'expert' opinion?

Packages like P-Synch, and Vanguard's password administrator depend on/work 
with that.

Session Managers (TPX, SuperSession) work with it, too.

I'd rather have a single password, than write them down, or store them.

All these rules make it very difficult to come up with a new one.
It took me 20 minutes to create one on one site.
(Of course, in this case, it wouldn't tell me what rules it was using; I had to 
guess).

We have a "three strikes" policy, with a minimum length. And, that appears to 
be adequate.

We also have 35% of our calls to the help desk as password resets. This was so 
expensive, we out sourced it to Manilla and are now payin 15-20% of the cost.

Additional complexity just raises the price.
  
Yaw tee pucketty!
Rum ting clue!
Ni! Ni! Ni!
Arrooo!  

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