I think if you're trying to address reused passwords harvested via
website compromise this is indeed effective.

I was thinking it could also be leveraged to work against domain
spoofing attacks as well and without a resilient UI it is not very
effective at this as an attacker (phisher) could build a website with a
look-alike site and address bar and have the user enter their password
into the form (or script) while bypassing the PwdHash technology. If
this is a goal then perhaps the addition of a safe input area, say in
the status-bar, which will be guarded with the same zeal as the
status-bar padlock (and adjacent domain-name or organization-name);
presumably the user will notice if they generaly log-in to a site via
the status-bar interface and one day that changes.

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