It is the most awesome news for today. Buddypress 1.2 beta is out.
Checkout Andy’s post here
http://buddypress.org/blog/news/buddypress-1-2-beta/
It is one of the most featureful and most awaited beta of buddypress. Now, It is the time for testing it out.
Download the beta from here
http://buddypress.org/pre-release/buddypress.1.2.beta.zip
Participate in buddypress trac and help the core developers getting this to a final release. And do not forget to say, Thank You Andy, Thank you BuddyPress team 
happy BuddyPressing
Related posts:
How can I have the bp-login-redirect plugin redirect to the homepage instead of the profile page?
hi Alex
Thanks for the comment. You need to edit one line there in the plugin.
Change line number 35 from
`return bp_core_get_user_domain($user->ID )`
to
` return bp_get_root_domain()`
Hope it helps.
Thanks
Brajesh