Hey there, very neat little application, you've done a great job.
Suggestions: don't ask for an email address/password right from the get go, you can simply use a cookie for the first session, and ask people to sign up once they add a few entries. Then you associate their old entries with the newly created account. Also, give a reason why you need an email address, that's a huge barrier otherwise.
I've been toying around with todo lists as well lately, but you're much further along than I am. (I'm using the todo list concept as a way to try out various frameworks, never thought of actually releasing it to the public).
I like the very clean design and minimalist user interface.