[Chris Perryman]

Just wanted to follow up…we did come up with a solution for this in case any one else is looking for it.

Full details are now on my blog at Revelation Concept.

function rc_buddypress_profile_update( $user_id ) { 
 
     $admin_email = "YOUR-EMAIL@DOMAIN.COM";
     $message = sprintf( __( 'Member: %1$s', 'buddypress' ), bp_core_get_user_displayname( $user_id ) ) . "\r\n\r\n"; 
     $message .= sprintf( __( 'Color: %s' ), bp_get_profile_field_data('field=Color') ). "\r\n\r\n";
     wp_mail( $admin_email, sprintf( __( '[YOUR SITE] Member Profile Update' ), get_option('blogname') ), $message );
 }
 
 add_action( 'xprofile_updated_profile', 'rc_buddypress_profile_update', 10, 5 );