freebsd 8 passwords not in /etc/passwd

Maybe this happened earlier, but as of 8.0, I've noticed that password hashes aren't in /etc/passwd. There is no /etc/shadow as seen on linux systems, and I'm wondering - where/how are the passwords stored now? I'm assuming PAM is the standard method of using system passwords for authentication?

Thanks.
 
When I used call `man passwd`, it said that /etc/passwd is a version 7 format password file. The user database file is /etc/master.passwd
 
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