At last we managed to get peoplesnet version 1 to be deployed in production server after doing 5 Quality Assuarance cycles. now we are awaiting the next theme from the client and once we re-theme it it will go live. :)
Features it contains include:
1. Profiles
2. Inviting Friends
3. Photo Galleries
4. Video Galleries
5. Blogs
6. RSS Feeds
7. Private Messaging
8. Address Book
9. Classifieds
10. Events
11. Forums
12. Jobs
13. Dynamic Networks
14. Content Sharing
15. Content view definable Public / Networks
16. Admin Controlled Advertisement system