No way. The number of reported cases of passwords being stolen simply by physical proximity is enough to make this a sensible default. I agree that there should

No way. The number of reported cases of passwords being stolen simply by physical proximity is enough to make this a sensible default. I agree that there should be an option to show the password as you're typing or, at a minimum, once you're done typing (less secure) but making that the default is unreasonable.