cracklib_dict.pwd is located in /usr/lib/ but passwd looks in /usr/share/dicts/
This is actually a bug in one of the underlying PAM modules (pam_unix in particular). If you're using pam_unix in /etc/pam.d/passwd, then this is fixed as of 0.72-1 and later in Raw Hide. If you're not, please send in the contents of your /etc/pam.d/passwd file so that we can take a closer look at the offending module.