The WordPress team has published a version of WordPress, WordPress 2.7.
The first thing that users will notice is the new administration interface which was completely redone to optimize processes.
The development team claims that nearly every task in WordPress 2.7 will take fewer clicks than it took in previous versions of the blogging platform.
Unlike previous versions where it’s a good idea to wait, it is highly recommended to upgrade to WordPress 2.7 now. It is very stable and has been well tested on WordPress.com with more than 5 million blogs over the past week. WordPress 2.7 includes the latest security updates. Once installed, it will notify you for automatic upgrades, making the upgrade process incredibly easy.
To upgrade from older versions of WordPress, follow the instructions in the WordPress Codex, the online manual for WordPress Users, in Upgrading WordPress.
Don’t wait. It is critical that you upgrade WordPress now because:

Future upgrades will be easier.
Your blog will be protected from current security vulnerabilities.
It features easy WordPress Theme and Plugin upgrades, additions, and news.
Some search engines and directories are considering penalizing page rank or not …

Friendster.com upgrade it user blogging platform to WordPress now served as replacement of MovableType !
I believe friendster using WPMU as the base as supporting multi million user for using new platform.
Friendster Team also currently has installed several themes for their new blogging 2.0 system. Just hoping them to install more plugins in it.
Friendster Blog Admin Panel

Friendster Blog Admin URL

Happy blogging!