is anyone else seeing incorrect password error? I just resetted the password and I know what it is but i still get the error

Yes, there are known issues this morning (and for some, starting last night) that are necessitating password resets and login troubles. For my team, it was only Admins affected, and password resets worked for most. Some needed to have their access removed, re-added, and a temporary password set. Seems like the symptoms vary by organization. Check the NetSuite status page for more: https://status.netsuite.com/

I just waited about 10 minutes after resetting my password for the second time and then my new password worked.