It's a far sight more memorable than h6FA!j#Aq63K3 which is what developers still think is the golden rule of password formats. I recognize that I'm bad at random, but I can remember made up words just as easily as real ones. Any fan of sci fi or fantasy novels can rattle off a ton of words that aren't standard English.
Make a passphrase generator. I've got a script that uses a few *nix dictionaries and finds actual random words. It's like a word of the day calendar except without the definitions. The bad part is that "naughty" words get thrown in the mix, so if I'm ever generating them for other people as a one-use passphrase, I have to vet the list or risk HR.