I finally, finally got SAP to acknowledge the issue and got the BCM CDT folks to work with the Password Manager folks. I eventually got sent to a BCM component queue inside of my message.
At the end of the day, the BCM CDT team had us modify the BCM source code to add a 10 second "sleep" statement instead of the default 4 seconds.
that gave BCM enough time to do its thing, so now the Password manager does not conflict with BCM, and so the BCM CDT queues no longer get grey'd out if password manager is running.
According to the BCM team, this fix will be included in future (yet to be created) BCM support patches.
NICK