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by Scott Watermasysk.
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Original Post: Password Scrambler
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Bill Brelsford pointed out a cool free utility called Password
Scrambler by /n
software inc.
The application is free and gives you a quick way to create unique passwords
for all of the sites you visit by generating a one way hashed
password based on your own private password and the target site's domain.

Using it is as simple as clicking a new button on your IE toolbar. Nice!
It looks like Keith Brown created a similar tool in a recent MSDN Magazine
article. I think I will download his app and give it a shot as well.
The last line in Keith's article says it all:
What really matters is that you pick a password management tool that you
trust and that you use it consistently. Don't settle for using the same
password everywhere you go!
Read: Password Scrambler