How can I recover lost password for Ubuntu OS

Lol...and ubuntu tries to be secure. This is how it was in 7.04 anyway.
Heres a quote from the ubuntu forms.
"4. Turn your computer on.
5. Press ESC at the grub prompt.
6. Press e for edit.
7. Highlight the line that begins kernel ........., press e
8. Go to the very end of the line, add rw init=/bin/bash
9. press enter, then press b to boot your system.
10. Your system will boot up to a passwordless root shell.
CAUTION: This is a FULL ROOT SHELL! You can damage your system if not careful!
11. Type in passwd <username>. Set your password.
12. Type in reboot." End quote.

Information pulled down from
http://ubuntuforums.org/archive/index.php/t-3609.html