I dove wet in temperatures as cold as 37 degrees f until I got a drysuit this past year, and my decision to buy it had less to do with temperature concerns than with wanting redundant bouyancy. So long as you're prepared to be a little chilly, and are also prepared to call the dive if you start to shiver uncontrolably or feel numbness in your extremities, you should be able to pull it off. My tips:
Plan for short dives. Cold is likely to be the turn factor before NDL or air supply. 25 minutes is probably doable, but plan on 15-20. The bottom temperature is likely to be several degrees colder than the surface, so don't push it, and make sure you log the bottom temp so you can casually tell the warm water folk all about it later.
Definately bring several gallons of warm/hot water, and pre-warm your suit before each dive. If you choose to take the suit off for the SI, you can pretty much count on the outdoors to keep it cold for you, and after you've dried off and warmed up, that can make suiting up for dive 2 awfully unpleasant. Having some hot water to douse it with will help tremendously.
Also bring a thermos full of your favorite very warm tea. Not cocoa, not coffee, not too hot. You want it to warm you up, but you also want to be able to pound enough of it to fill your bladder so you can "rewarm the suit" during the dive. If possible, pee strategicly... when you start to feel cold, let 'er rip. It ain't pretty, but it'll keep you comfortable.
Use the best fitting wetsuit you can, and if possible wear layers of neoprene. I usually went with 7mm farmer john/jacket. If you have extra space (especially in the joints), you're going to lose heat fast.
If the air temp is cold, don't "pre-breathe" your regs. the moisture from your breath can contribute to free-flow. Until you're ready to submerge, breath the atmosphere.
Bring dry clothes, two towels, and throw a couple of activated heat pads in the bag with them. When you pull a warm dry towel out of the bag, you'll be glad you did. When you're done with the towel, don't put it back in the bag. Use the other one for the next dive.
Once again, be prepared to call the dive. In fact, plan to call it, and let the instructor know beforehand you intend to give the thumb when you start to get too cold. That way, he can plan to do any required skills sooner rather than later.
Finally, have fun! Fun is warm.