Apparently yes, even the original poster seems very sad to see them disappear as the end of his summary let us think:
"Still, it's sad to see such an iconic brand killed off like this."
I suspect he is an employee of Past Shop. I really don't see what Past Shop has to do with news for nerds. Any nerd is going at Past Shop for a fix? I am not aware of any. This is a last resort solution when you need a gizmo widely available and you need it NOW.
I'm sorry, but even if the hash seems hard to any human being, the way it was generated doesn't use enough entropy. Using the website fqdn or whatever combination reduces significantly the entropy, coupled with your master password in a predictable way and then generating the hash isn't sufficient at my humble opinion to say this is a secure way to generate a password. In particular, if someone has access to the resulting hash for many different sites. The result must be predictable, hence, the combination of the orignal factors cannot change.
This isn't better than a long passphrase.
I know about a bank that forces you to pick a password starting with three digits numbers, then you can use letters. This is one of the most idiotic security rule I have every seen. First of all, it reduces the entropy significantly and second it forces many people to write down their passwords because they cannot remember them because of the three digits number rule. Or they pick the three digits from their birthdate, street number, phone number or something like that.
However, after three wrong trials, your account is locked and you have to go to your branch to get a fresh new password printed on a sheet of paper.
And for an unknown reason, you have to go to your branch, you cannot go at any branch or even head office. On another hand, you can get the password over phone.
I don't know who is the chief security officier, but I want his job.
In any formula, constants (especially those obtained from handbooks) are to be treated as variables.