That's not IT issuing you a new password, that's you changing it. The point is that biometrics are perfectly feasible as one of the two factors (instead of something you know) and can still be revoked.
I also don't leave my password on everything I touch.
Biometrics are a terrible idea. Password + token is much safer and infinitely revokable. And the server can even tell when an HOTP device has been cloned.