Password Spectator is a general-purpose password recovery tool. It is not like most other applications, but it can effectively recover some passwords. This application can reveal the characters below some password fields, where the letters that you type are replaced by asterisks.
The application only works with Internet Explorer if you want to recover passwords on the Internet, because that browser seems to use the same mechanisms to hide passwords as Windows does. If you want to recover a password that is stored locally, this tool might work or not, depending on the application that holds the password.
To reveal a password hidden by asterisks, you have to hold down the control key and left-click on the asterisks while you are running Password Spectator. A new window will pop-up with the revealed password.
In my testing, I used Internet Explorer and went to Hotmail. I typed a dummy password and Password Spectator detected it right. I was surprised to say the least.
Password Spectator keeps a log of all the passwords that were recovered along with data about where they were recovered from, and the date.
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