[Samba] session setup failed: NT_STATUS_LOGON_FAILURE

[jd]

Trying to log into my samba server for the first time and I get this
failure:

[janos at cherubino ~]$ smbclient -L cherubino -d 3
lp_load: refreshing parameters
Initialising global parameters
params.c:pm_process() - Processing configuration file
"/usr/local/etc/smb.conf"
Processing section "[global]"
added interface ip=10.61.70.2 bcast=10.61.70.255 nmask=255.255.255.0
added interface ip=209.195.149.104 bcast=209.195.149.127
nmask=255.255.255.224
Client started (version 3.0.3pre2).
resolve_lmhosts: Attempting lmhosts lookup for name cherubino<0x20>
resolve_wins: Attempting wins lookup for name cherubino<0x20>
resolve_wins: WINS server resolution selected and no WINS servers listed.
resolve_hosts: Attempting host lookup for name cherubino<0x20>
Connecting to 10.61.70.2 at port 445
Password:
Doing spnego session setup (blob length=58)
got OID=1 3 6 1 4 1 311 2 2 10
got principal=NONE
Got challenge flags:
Got NTLMSSP neg_flags=0x608b0215
NTLMSSP: Set final flags:
Got NTLMSSP neg_flags=0x60080215
NTLMSSP Sign/Seal - Initialising with flags:
Got NTLMSSP neg_flags=0x60080215
SPNEGO login failed: Logon failure
session setup failed: NT_STATUS_LOGON_FAILURE

I guess I'm missing something trivial... Samba version 3.0.3pre2 on
FreeBSD 4.10-PRERELEASE

Thanx for any suggestions...