It's a good, simple way to keep track of your passwords. The problem I have with it is that when I go to my Password List (left most iPhone screenshot above), some of my accounts only say "List:" ("List:" is what is at the top of the Password List screen) So I have no idea what those accounts are until I click on that entry, go into its Account screen, then return to the Password List. Then other entries description randomly changes from what it should read, for example, PayPal, to "List:" I've contacted the developer through their website support, so we'll see what happens.
Another nice feature would be a random password generator that would generate a random password for your accounts. It should allow you to select/deselect lower case. upper case, numbers, and special characters based on what the website allows passwords to be composed of.
Update (1/2/13):
Since my last review, nothing had changed - no updates, no replies. Hence, I have purchased the paid version of mSecure. It has everything I need, that I wish Password Cube had.
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DougBoudreaux
PalmettoGuy
S4rr4h