well you can probably bypass everything with a reset. But, since that would get rid of most of your things (except probably your multimedia on your card) it doesn't really matter.
Thats similar to like reformatting a PC to get into it. It is possible, but then you lose the operating system and the person's files.
Looks like your going to have to use an app, as I see no native option for a text password. Although, I think you should really give the pattern a shot. Its much faster to input the pattern than type a password out. For example, I made a pattern in the form of a "R" because my nickname is Rusty. I think its neat, and its faster for me to swipe my finger through the dots, than it is to wait for a virtual/real keyboard and type a password out.
I do wish I could customize the failsafe options though. I'd like to decrease the possible chances to 3 instead of 5, and increase the wait to 1 minute instead of 30 seconds. Just to make it more secure, however I doubt it would really make much of a difference so its not a huge problem.
I do see how this could be a problem if people watch you input your pattern, since its easier to see, remember and notice. So if your phone has financial info or for business use, you might want to be careful inputting your pattern around people.
Try changing it once a month, and most importantly, don't lose or misplace it and it won't matter to begin with.