I've downloaded mysql 5.25 on mac os x Lion (10.7.4). I just tried setting my password in the usual way, however I'm getting an access denied error which is odd:
[user@Macintosh:~] #mysqladmin -uroot password 'secret'
mysqladmin: connect to server at 'localhost' failed
Is there something I'm missing about setting the root password for this version of mysql on this version of the mac? The database is definitely running according to what I see in the control panel / ps -ef.