Password Tote for iOS version 1.0.2 is now available for download on the Apple App Store. This update introduces backing up to Dropbox, offline access to passwords, color-coded passwords, password generation, and also fixes a couple of issues.
Version 1.0.3 for iOS is already under way. Planned features include importing from popular password systems and restoring backups, both via Dropbox.
Finally I wanted to thank Jim and Marc at RemObjects for working with me on a nice case study and for having me on their podcast. Their support really has made focusing on the features (instead of the communication) for these Password Tote clients possible.