Online Password Storage

I wrote one. Based on Rails, working reliable. The encryption is designed in way that prohibits even the database administrator to access them. I showed it to a few people. The response was that it seems that no one is willing to give away passwords.
But the project is cool. By installing a bookmarklet you can easily login to any page you registered at _my_ service by simply clicking on that bookmarklet.. works mostly. Maybe I’m going to put it online someday, but not until I fixed the encryption so that it happens only in the browser, to prevent any passwords being sent in plain.
I would really appreciate some comments.

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