Exactly, I'm using SoftLayer cloud servers and they do the same thing... displaying a cleartext version of the initial root password for the machine. I don't see a way around it. I do have to get that information somehow.
Considering we live in space year 3000 now, its a wonder that we still have passwords at all. Why can't we have 2 factor keypair authentication for everything? OpenID is thinking too small.
Now you are both secure and convenient.