Well guys I just saw yesterday that this became public if you haven't heard Bucky from TheNewBoston has created an open source social networking site:
http://buckysroom.com/ There is also if you guys want to support the project and view more details about it click here :
http://www.indiegogo.com/projects/340674/ Also I am very curious of what you think about the idea of an open source project of this type, I know this is not completely java related but I figured there's got to be more than just me who has learned some java from him. The website is currently in a beta stage and also there is much more view able if you create an account