A month ago BuddyPress was acquired by Automattic and today the new BuddyPress website was launched:

Right now BuddyPress is still in development,  but you can download the latest BuddyPress builds through SVN if you’re game.
Is this a game changer for social networks?
If BuddyPress becomes a popular add on for WordPress Multiuser, then I think, as I’ve said before, Ning and Facebook should watch out.  Come to think of it with the Prologue theme I could see local competition for a number of tools.
Now I want to think of something to try BuddyPress on…
News from: Photo Matt » New BuddyPress Site
Screenshot/image …read more

WordPress is the bloggers platform of choice and with its array of plugins it can do nearly anything.  The WordPress Multiuser plugin BuddyPress let you turn a standard WPMU install into a powerful roll-your-own social network, now this plugin has been pulled into Automattic.
What I didn’t realize (doh!) was that BuddyPress was developed by Andy Peatling of Blaze New Media–in Vancouver!
This has been getting a lot of press today, and for good reason too because it tips Matt’s hand as to Automattic/WordPress’ plans for making a powerful, new social networking tool:

Vancouver’s BuddyPress goes Automattic | Techvibes Blog
Wordpress: Going after …read more