As related by Sergey:
Valery posted two interesting articles with some historical facts about password and weakness of password schemes: Passwords. Part I - LM Hash and Passwords. Part II - NIX passwords.
At the same time Robert Hensing from PSS Security start blogging with Why you shouldn't be using passwords of any kind on your Windows networks. [subscribed]
Also subscribed to Robert Hensing's blog -- looks like he is already off to a great start!