BuddyPress.org: "For the next version of BuddyPress there has been a fair amount of re-factoring work done. We’ve listened to your feedback from version 1.0 and made a number of internal changes that are going to make your lives as plugin developers and theme designers easier.
One of the biggest changes in BuddyPress 1.1 will be the way themes are built."



Comments
They should re-factor toward scalability
They need to refactor the code for scalability, not just the theme.
BuddyPress extends Wordpress MU into a social network but unfortunately also extends Wordpress bloat problems into Drupal-level territory. A regular Wordpress install takes (depending on the theme and plugins) anywhere from 25 to 80 queries to build a page. With BuddyPress this number skyrockets to the 150 - 220 range, rendering the "social network" completely impractical for sites with any real traffic.
This is probably the reason why the developers are not working on the obvious, a BuddyPress version for the regular non-MU version of Wordpress, because it would be very embarrassing to see sucessful blogs completely crippled by the outrageous number of queries BuddyPress makes.