Cosmic BP User Signup Password plugin allows buddypress site owners to let new user choose their own password at the time of registration.
Currently,I have tested it on an install of buddypress 1.0.1 and wordpress mu 2.7.1.But I hope,It should be functional on other instances too.
Well, you can change it, but please change only if you have a little bit familiarity with php,edit the file cc-bp-user-signup-password.php and change the label as you wish
Requires: wpmu 2.7.1,buddypress 1.0 or higher
Compatible up to: wpmu 2.7.1,buddypress 1.0.2
Last Updated: 2009-7-9
Active Installs: 30+
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