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Knowband, please can you update the code for 1.8? Will buy you a coffee or two.

Below is the code for 1.8:

public function submit()
    {
        if ($this->validate()) {
            $clearTextPassword = $this->getValue('password');
            $newPassword = $this->getValue('new_password');

            $ok = $this->customerPersister->save(
                $this->getCustomer(),
                $clearTextPassword,
                $newPassword,
                $this->passwordRequired
            );

            if (!$ok) {
                foreach ($this->customerPersister->getErrors() as $field => $errors) {
                    $this->formFields[$field]->setErrors($errors);
                }
            }

            return $ok;
        }

        return false;
    }