point was noted... and it may have been a little harsh to close the thread, it was also a bit harsh to call it a major bug. A search at the IP support forums would have revealed that it's a designed behaviour since the beta days of 6.0x.
You can post the code as a modification to the UBB, it's not any different than "admin see all passwords"-type mod... but you wouldn't call passwords of other admins and moderators being hidden a major bug either.
anyways, thanks for your contributions here... they are welcome.