Add a big vote for me too.
I am surprised that this file is unencrypted. I noticed in the FAQ which claims that a major feature is the enormous search space created by 9 variables:
* character set
* which of nine hash algorithms was used
* date counter (if any)
* username (if any)
* password length
* password prefix (if any)
* password suffix (if any)
* which of nine l33t-speak levels was used
* when l33t-speak was applied (if at all)
which is awesome, but all of these user choices are stored out in the open. If your computer is compromised, you are left only with the master password as defense. Unfortunately, I bet most people's master password wouldn't take too long to crack using brute force methods.
Of course, storing this file in the open makes the program a dangerous place to store fixed passwords. I know you are aware of that. http://forums.passwordmaker.org/index.php?showtopic=363