Well, I just updated my old plugin Limit Blogs per user and fixed some of the glitches. Yes, Now it is updated for BuddyPress 1.2.3.
Update[2nd August 2010]: Updated to make it work with WordPress 3.0 MultiSite and BuddyPress 1.2.5.2
Here goes the post about this. If you are wondering about this plugin, you may like to …

Remove /blog slug plugin for wpmu allows you to remove /blog slug from the sub directory install of your wordpress mu or wordpress 3.0 multisite.
In the sub directory style install of wpmu, ‘/blog’ is added to the permalink structure, category base and tag base for default blog(or main blog).
Removing it is quiet easy. If you …

Now you can show a list of most recently created blogs on your wordpress mu/buddypres site.
This is just an updated code and yeh New Widget, from my other post here on ThinkingInWordpress.com
I have updated the code and added a widget to make it much easier for everyone who want to show the list of …