BuddyPress.org

Well, put it this way, the default buddypress home theme is really just a widget framework accomodating the BP widgets for activity, members, groups, who’s online, welcome etc.

You need to decide where you want to show what and look for themes that fulfill your requirements. There are dozens of mag style themes out there… As long as you have a good range of widget positions in the theme you should be able to put your home page together the way you want to. Besides, it’s easy to create custom widget positions if you need to.

In any case, some php / theming skills may be needed to get stuff exactly how you want it.