I have just now installed WLS via the net installer, and the default examples server password of welcome1 does indeed work for me.
However, I note from your post that you are using port 7101, not 7001. Could that be the issue?
For Oracle Weblogic Server 11g it is Passw0rd
Eh?! I think you might find that is just the default password for a PeopleSoft domain installation (e.g. I found this with Google's help: [http://gasparotto.blogspot.com/2009/09/peopletools-850-first-look.html]).
I used weblogic as the username and welcome1 as the password ...it worked fine where as weblogic and weblogic1 didnt work as default username and password
Edited by: user12955323 on Jul 6, 2010 2:31 PM