“So for all modern OS X platforms (Tiger, Leopard, Snow Leopard and Lion) each user has their own shadow file (hash database) whose data is accessible only by the root user … or at least it should be,” wrote Dunstan in his post. “It appears in the redesign of OS X Lion’s authentication scheme a critical step has been overlooked. Whilst non-root users are unable to access the shadow files directly, Lion actually provides non-root users the ability to still view password hash data.”
http://delimiter.com.au/2011/09/26/aussie-...lion-passwords/