Better YET !
Found an excellent tool to do this off-line. I thought of posting a link here so here it is:
NT Password Recovery
I tried this on 98, 2000 and XP and works like a CHARM !
Easy to do, simply download the .iso image and burn to a cd. Then, reboot pc with cd in it, this will load vmlinux into a ramdrive and will start a script. Walk through the script (dummy proof!)
The only thing, is when asking for a password, simply enter a *
This will blank the password out and allow you to login without a password. You can then change it once logged into windows.
THIS IS AN EXCELENT PIECE OF SOFTWARE TO HAVE IN YOUR TOOLBOX !
Hope this helps you since it did help me ! Kept me from formating and re-installing winxp !
Thanks pnordahl for this great tool !