Starting at version 1.1, BuddyPress themes are simply WordPress themes with extra template files. The separation between a WordPress (old bphome) and BuddyPress (old bpmember) theme has been removed. All theme files are contained in the same theme and one theme design applies to the site as a whole. This guide will help those people [...]
The following functions are considered deprecated as of BuddyPress 1.1. They will still work, but have been replaced by newer, more powerful functions. In the future, codex documentation will link current and deprecated functions together so you can see the differences and understand how to migrate from one to the other.