Traverse XML Source

Hello,
I would like a very simple XSLT transformation that traverses an XML
source and creates an HTML list output.  Is this an identity
transformation?
So far, I have only been able to get anything to happen on the document
root, and nothing below is traversed.
Thanks for the help.  ~karl

Here is what I have so far,
XML Source:
<stuff>
	<abc>
		<def>
			<path>\\path-to-server</path>
			<web>http://my-web-path</web>
			<uid>9999</uid>
			<pwd>monkeysee</pwd>
		</def>
	</abc>
</stuff>

XSL Source:
<xsl:template match="*">
  <xsl:copy>
    <xsl:apply-templates select="@*" />
    <xsl:apply-templates />
  </xsl:copy>
</xsl:template>


<xsl:template match="@*">
  <li><xsl:copy-of select="." /></li>
</xsl:template>

<xsl:template match="*">
  <li><xsl:copy-of select="." /></li>
</xsl:template>

</xsl:stylesheet>