There are two free plugins which can enable multiple BuddyPress networks. I would recommend that you wait until either has been upgraded for BP 1.7
– https://wordpress.org/extend/plugins/bp-multi-network/ – shared userbase across networks but don’t know if you can activate on per site basis
– http://buddydev.com/plugins/buddypress-multi-network/installation/ –
you can activate BP per subsite and userbase per site is not saved
Best thing is to ask the respective plugin devs for more info.
Good luck
Did you try this? I am interested in doing the same thing. I would like to install buddypress with multiple blogs. I think I would like to keep the buddy press active for only one site on multisite, that way I can use all the plugins I want on the other blog sites. And not have to worry about compatibly with BP.
Did this work for you? Thank you.