So I forgot the iLO password .. and rather than opening up the machine and flipping the switch thingy, I gave the advice in this article a whirl .. and what do you know, it worked fine!
http://blog.netnerds.net/2006/04/ribcl-reset-administrator-password-on-ilo/
And for those running 2003 64bit, you can grab the Lights-Out Online Configuration Utility from here.
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