Going to instead actually fix this bug:

https://bugzilla.redhat.com/show_bug.cgi?id=631896

Bug 631896 - No way to change user password

and allow the user to use the CLI to edit the admin's password.

Will update the config file to instruct the user how to change the password.

Fixed 631895 and now you can change the admin password.

Also updated the config:

commit b36c4e326d55f5ffb274c9cd2e1040ba60e11c87
Author: Mike McCune <mmccune>
Date:   Fri Oct 29 11:46:33 2010 -0700

    adding comment to show user how to edit password

diff --git a/etc/pulp/pulp.conf b/etc/pulp/pulp.conf
index b2d21d9..92bae7f 100755
--- a/etc/pulp/pulp.conf
+++ b/etc/pulp/pulp.conf
@@ -2,7 +2,7 @@
 base_url:   http://localhost
 relative_url: /pub
 default_login: admin
-# Highly recommend you change this
+# Highly recommend you change this with "pulp-admin user update" 
 default_password: admin

Fixed in build 0.78.

verified

[root@preethi ~]# cat /etc/pulp/pulp.conf
[server]
base_url:   http://localhost
relative_url: /pub
default_login: admin
# Highly recommend you change this with "pulp-admin user update" 
default_password: admin

Closing with community release 

pulp-0.0.139-1.fc14.noarch