BuddyPress.org

The two themes are completely independent. The home theme has nothing to do with the member profile area. You can run any theme you want as your ‘home’ theme in wpmu on any of your blogs. You, as site admin, can also select from any available member theme for all users on your site. They get what you pick.

We talked about this on irc. I just wanted to make it clearer for people browsing this thread.