Regarding the empty Password, I had put the Password as 'TryToUseOnlyStrongPassword' netween the Less Than and Greater Than symbol. But since Less Than and Greater Than symbol acts like a HTML Tag, the article ate it up... 🙂
The Certificate you create will be protected by the Master Key (That is password protected). That is why you have to create a Master key and Certificate.
Thanks JJ. I tried to point out the Pros and Cons. I did not want anyone to implement TDE without knowing the Pros and cons of it.:-)