PALADINO  Yet another password generator? There are already a fine selection of them available, most of them also free.

PwdGen is ok, nothing unique here. It'll do the job but so will a multitude of others. I like password generators that spit out pronounceable passwords such as haxial xyzzy http://www.macupdate.com/info.php/id/11627/haxial-xyzzy and Quickpass http://www.macupdate.com/info.php/id/24517/quickpass. Pronounceable passwords are easier to remember.  
(Version 1.2)

ZZAMBONI  There's a nice "password assistant" built into OSX as part of the Accounts preference pane (click on "Change password", and then on the lock button). Someone (not me) wrote a wrapper that allows to call it as a standalone application, you can find it here: http://www.codepoetry.net/products/passwordassistant  
(Version 1.2)