You could try booting the server up in Single user mode and changing the root password. With 5.5 I think when you see the boot screen, hit ctrl-X, then type esmith Single, when it comes up, you should be root. Then do a passwd and change the password. Reboot and I believe you will be all good again.
Note: I am doing this from memory, I don't have access to a 5.5 server anymore.
GL,
JB