I know that storing the md5 is done for security purposes, but I'm looking to find a way to store it in plaintext also.
(In our multisite network environment, we are letting Site Admins choose and set their passwords, but we need a way for Network Admins to be able to see what the password is as well.)
I tried looking for $_POST variables when options-privacy.php is submitted, but it appears those don't come through when you use the Settings API. I know you don't want to add this functionality directly, but perhaps you could throw in another hook?
Perhaps, in admin.php, you could do something like:
What do you think?