In life, there are two great sources of wisdom: your own mistakes and the mistakes of others. You get ahead a lot faster when you can leverage the latter. If you’re still using simple passwords and using the same one for multiple sites, then let the Gawker Media password snafu be an impetus for change.
David Sparks says it best:
The bottom line is you can’t rely on anyone to protect your password security but yourself and if you are using the same password at multiple locations, you are going to get burned.