After the replacement, the two elements have the same content:
package{
import flash.display.Sprite;
public class Main extends Sprite{
public function Main(){
var user1:XML = <USERDETAILS>
<LOGIN>joe</LOGIN>
<PASSWORD>linuxRules</PASSWORD>
</USERDETAILS>;
var user2:XML = <USERDETAILS>
<LOGIN>ken</LOGIN>
<PASSWORD>default</PASSWORD>
</USERDETAILS>;
trace(user1);
trace(user2);
user2.PASSWORD = user1.PASSWORD;
trace(user1);
trace(user2);
trace(user1.PASSWORD[0] == user2.PASSWORD[0]); // Displays: true
trace(user1.PASSWORD[0]
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