I was able to reset my BIOS password simply by going into the BIOS, and selecting the "password delete" option. Smooth sailing from there. If yours doesn't have that option, Ari's suggestion would be feasible.
Rather defeats the purpose of a password, doesn't it, if it can be bypassed so easily.
I agree, I have yet to come accross another computer that carries that feature. The computer was strange in that on it's case it said the manufacturing company was called "BIOS". It wasn't too relieable, but for $25 at a flea market, I got some use out of it.