Does this thing have a useful (legal) function
Digital Forensics involved with Law Enforcement and/or Military Intelligence, (on provision of required court orders, warrants, etc).
Normally in the scenario of being given the wrong password or no password, and you need to access encrypted files (EFS/Bitlocker), or to access a live system, etc... (Mind you this is not normally needed, as typically the HDD is imaged prior to forensic investigation, but is nice for attacking the local SAM database).
Also useful for password recovery of passwords on Domain Controllers, etc... (Who hear remembers the Active Directory recovery password)?
Also I think this is a good sellingpoint for getting away from older Windows versions in the workplace, especially when there are certain legal requirements needed for either government or vendor contracts. (eg, need to use Windows 7 as we can enforce stronger password storage technology, etc). Mind you, since you can change the password hashing system on most Unix system at will, is a good case for dropping Windows completely for 'mission critical' servers/applications.