Work around ServerContext en UserProfile troubles

I struggled some time with working with the UserProfile and ServerContext inside SharePoint (MOSS 2007).
I wrote a web part to show more details of a sitecontact. For that, I needed to get details from the UserProfile. The UserProfile was obtained from the UserProfileManager.
The code (web part) was running fine on the SharePoint server itself, but it failed on a client machine.
After struggling a lot, trying different suggestions (like fake SPContext and so on) today I found the solution. You need to use the SPSecurity.RunWithElevatedPrivileges method. RunWithElevatedPrivileges runs the code in the brackets under the SharePoint System Account.
So here is the piece of code I am using:

try
{
  SPSecurity.RunWithElevatedPrivileges(delegate()
  {
    using (SPSite site = new SPSite(SPContext.Current.Site.ID))
    {
      ServerContext context = ServerContext.GetContext(site);
      HttpContext currentContext = HttpContext.Current;
      HttpContext.Current = null;

      UserProfileManager profileManager = 
        new UserProfileManager(context);

      UserProfile user = 
        profileManager.GetUserProfile("domain\\accountname");

      PropertyCollection propCollection =
        user.ProfileManager.Properties;

      if (user != null && propCollection != null)
      {
        \\ do your stuff with the 'user'
      }
      HttpContext.Current = currentContext;
    }
  });
}
catch (Exception)
{
  \\ handle the exception
}

I used this code for retrieving userprofile details. I didn't try to edit the user profile. But I assume it should work as well.