[wahsd]

I don't see why you couldn't modify the concept to always include numbers and spacial characters.

For example; your "password" could be a combination of words, numbers, and characters while the "thing you know" is something like capitalizing the even or odd first character corresponding with the even or odd number corresponding to the first letter of the site or company, and combine that with the even or odd sequenced number and character in their sequential location in the password or at the end or beginning of the entered password.

I'm sure I could describe that more clearly if I tried.

[mrb]

Then you run into the problem of idiotic sites not allowing special characters, or numbers, or even uppercase (I am looking at you, rvtrader.com...)

The second main reason passwords suck (after the fact users trend to choose weak passwords) is that developers implement all sort of contradicting password rules.