The login form is a pretty basic and standard aspect of UI design.
At the very least, two form fields and a submit button are all you need: username, password and submit.
Sometime in the 1990′s, we gave Internet users the ability to save their session by storing a cookie on their computer when they click a little “remember me” checkbox near their password field.
This has been pretty standard practice for 20-ish years.
Leave it to Appcelerator (whom Tanner has scolded for other, unrelated reasons) to throw all precedent away by replacing standard “remember me” checkbox with a “reset password” checkbox.
Basically, replacing a standard aspect of login boxes with something that does the exact opposite.
Don’t do this. Stick to standards with your own twist.

PS: I consider “standard location” for a password reset function to be a link placed below the submit button.