BuddyPress.org

To me BudyPress is more about being able to build a niche community.

You can take an existing blog/site where people comment on posts and turn it into a site where people can converse and share.

Basic functionality that is solid is a huge must. Well documented APIs to extend the basic functionality is a high priority.

I have to agree with @Peterverkooijen that BuddyPress doesn’t need to be everything. In fact, I sort of wish BuddyPress didn’t advertise itself as “social networking in a box” because it attracts a lot of people looking for the quick and easy way to make their “millions” a la-Facebook.

@stwc: “social networking” is a buzzword but like all buzzwords, they have a fundamental definition. “Social networking” means community to me.