I'm thinking of doing it for a hyperlocal website (I already have a
bog-standard Wordpress install up and running for this).
Yes it is possible. I've tried it, and actually I quite like it,
although I've not implemented it. I quite like the level of 'social'
ness that it provides. The main blog + groups/discussion forums and user
profiles, is pretty good. However to get it right, and looking good it
would take a lot of tweaking and a bit of learning on my part, so I've
not invested in it beyond installing it and having a look at it all works.
I'm wary of moving everyone to a new platform until I'm certain it's
flexible enough for what I want. At the moment, we mix and match between
two sites on Squarespace and Ning. I've got my eye on the latest version
of Wordpress, and I just had a chance to try out Drupal Gardens which is
worth considering and evolving fast. I probably won't make any decision
until the next version of Squarespace is released. It looks to me like
the world of CMS's of various kinds is going to get pretty interesting
over the next 12 months.
Best wishes,
Al
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It's still a very young system and so there are niggles but even at
this stage it is very powerful and will only get better, especially
with MU bundled with v3.0. Expect more and more developers to get
involved in extending MU and BuddyPress.