Updating Windows 2008 Domain Account Policies

Whilst passwords meeting complexity requirements is all well and good in a production environment it is a pain in a development one. I have a Windows 2008 standard AD Domain Controller and and I needed a number of system accounts which I really didnt want to have to bother of recording complex passwords.

To change these settings is not intuative, however this is what I found:

To turn password complexity off in Windows 2008 Server or change other grayed out security options, follow these steps:
(1) Run gpmc.msc (Group Policy Management)
(2) Expand your Domain
(3) Go to Group and select Default
(4) Right click on Default Domain Policy or Default Domain Controllers Policy and choose Edit
(5) In the new window which opens expand computer Configuration->policies->windows settings->security settings->account policies->password policies
(6) Make your edits to the keys below:

There must be an easier way, which I am problaby missing !