Can't login users in 5.5

[bstonehill]

I just did a clean install of 5.5 and imported my users. When the import was performed it left all of the passwords null and using all methods of resetting/changing the password are not working. I tried reset password from the user management console, I tried forgot password from the login screen. I get the email but the email only displays a variable name instead of the system-generated password or link. I tried creating a new account altogether but on creating a new user it still emails a variable name in place of the system generated password. Since I don't know how the passwords are hashed editing the database directly doesn't help me any either. Can someone please help, all my users are completely locked out.

Generated E-mail:

You recently requested on 2010-01-07 20:43:15 to be able to reset your account password.

Click on the link below to reset your password:

$contact_user_link_guid

[Shane McCombs]

Having the same issue - please advise.
Thanks in advance - Shane