I've been in the market for something like 1Password. Is that generally considered one of the best of its kind?

I've also been meaning to revamp all my passwords. I'm long overdue. For years I only had a couple of passwords...1 for secure sites like online banking, and another for forums and similar less secure sites. But over time I started making different variations so that I wouldn't have the same password at dozens of sites. Now I'm all over the place and just this afternoon couldn't figure out how to log in to an email address I don't use on a regular basis.

I read a good article about taking a phrase you like or your favorite song lyric and taking the letters/numbers from that. For example...happy birthday to you, happy birthday to you would become hbtyhbty...and from that you could make Hb2u.Hb2u. To further differentiate you could then put a few of the letters of each site in the password...so for Flyertalk you could go with Hb2u.FT.Hb2u. That way you have a different password for every site but you can easily remember each one.