BuddyPress 1.2.7 has been released to the public. This release is a maintenance version that fixes several problems and is considered an important upgrade for all BuddyPress users. Take note of the following before upgrading:
Before upgrading your BuddyPress installation, make sure to back up your data and files, and deactivate BuddyPress-dependent plugins.
Congrats to Boone Gorges and the rest of the contributors for continuing to develop and support the BuddyPress project.