The big question is, is it possible to recover a Windows Azure Virtual machine password? The answer is NO. If you are really disappointed at this point then i totally understand you for you must be here since chances are you just forgot it.
According to the guys at windows azure its not possible to use the management portal to reset the password for a user. However in the event that this happens all hope is not lost since the other option to recover data would be create another virtual machine and then attach the VM to which you have forgotten password as a disk. This will enable you recover the data but of-course there will be the pain of having to re install all the applications and reconfiguration of settings.
The moral of this story is never ever forget your credentials to the user account in a windows Azure VM.