Upload the contents of the BuddyPress archive to /wp-content/plugins/.
Move the /wp-content/plugins/buddypress/bp-themes/ folder up to /wp-content/bp-themes.
Enable the BuddyPress plugin in your WordPress MU Site Admin panel.
Now go to the BuddyPress section of the admin panel—it should be listed on the left-hand side of the navigation bar.
You should be able to leave most of the defaults on the BuddyPress Settings page unchanged, although you may want to alter the default gravatar and change the Base profile group name to something meaningful.
The Component Setup page allows you to turn on and off individual ...
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