Ok... here's the problem, but I'm not sure whats causing it...
I just registered, and had PM generate the initial password - registration was successful.
Next, I simply tried to login - no go...
Nest, I checked the 'Welcome' message, and lo and behold there was the password it said I used - but it was NOT what PM generated.
What PM generates for this URL (with my settings) is:
BZ`k'KPjHg}<
The password in the email I received is:
BZ`k'KPjHg}<
Now here's the weird part...
Once I had activated my account per the instructions in the welcome message, I WAS able to log in using the FIRST (correct) password.
redface - did you activate your account after creating it?
I didn't toubleshoot further, because I'm pressed for time... but I don't think this is a PM bug..