Yeah it's not very clear to me either. Not sure if the relevant Target part is in the second IM transcript where ree4 seems to try and sell a special version of his product that CAN work with Verifones for 2000 USD?
1. heuristically detects unconfigured/default-passworded L2/L3 hardware (e.g. routers) on the network;
2. generates and sets a strong password for that hardware itself;
3. proxies all further access to that hardware, keeping the password only between it and the captured devices (and hopefully delivered only over TLS, if that's possible);
and 4. has actually-sensible security itself (e.g. using SSH keys, HTTPS client certificates, or any other non-repudiatable token type.)
Effectively, it'd act as an automatic password vault and security gateway for all the devices too simple to have good security themselves.
[1] This part is important. In most companies, whenever you have a tech leave who knew a password? You've got to reset that password. You might not even know which passwords they knew, so you have to reset everything to be safe. And then the passwords other techs have memorized are invalidated. Incredibly painful.
It would probably be feasible to fork the RANCID network device configuration version control application to create something that could do what you're describing out of FLOSS components, too.