I've just installed the version 3.5 of SB's Welcome Email Editor with WordPress 3.5.1 (using theme Atahualpa 3.7.10).
It's working very well, except for one thing.
I want to capture new users' passwords so that a script can automatically register them, with the same username and password, on a wiki that runs in parallel with WordPress.
I've put both [user_password] and [plaintext_password] in the admin email body, but they're both blank/empty.
Is that deliberate? Or has something gone wrong?