[mncolinlee]

This is not entirely true. You only need to really "know" two passwords... your cellphone screen lock and the password to the encrypted password database on your cellphone.

If your cellphone uses DropBox to store the database, then you can even lose your cellphone or simply access the database on desktops and laptops directly.

[BenOfTomorrow]

While this is true in theory, I don't maintain a copy of the database on my phone - when I converted to using a pw database I looked into it and didn't feel comfortable with the level of security on iPhone apps. I want to know exactly when and how information is being transported and when something is in memory.

The state of the art is probably more mature now, but this is information I'm not taking any chances with.