Why do you have BP_ENABLE_MULTIBLOG enabled? Do you really need it? (You only need it if you are going to be using a BP theme, with groups, members, etc, on more than one blog on the network.) If you comment that line out, I bet your wizard will start working.
That said, the fact that it doesn’t work for BP_ENABLE_MULTIBLOG could be a bug. I’ve opened a ticket so it can be checked out. http://buddypress.trac.wordpress.org/ticket/3600