I hope you might have used my plugin BP Auto Activate Users and Blog at Signup
Now here is a pro version which will allow you to automatically login your user when they signup.
So,It eliminates one more step of login.
How it works
Account signups are auto activated at the time of signup and then the user is automatically logged in and redirected to his/her profile.
Checkout more details/screenshots here on buddydev.com
http://buddydev.com/plugins/buddypress-premium-plugins/plugin-bp-auto-activate-auto-login-redirect-to-profile-automatically-activate-your-new-user-signuplog-them-in-and-redirect-to-their-buddypress-profile-on-signup/
Please note this is a premium plugin,if you are looking for a free alternative ,check my other plugin BP Auto Activate Users and Blog at Signup
happy Networking with buddypress 
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We will keep coming with more informative tips,tricks,tutorials to keep you updated with wordpress/buddypress/wordpress mu regularly.If you want to help us,You can ,by spreading the words.We provide free and premium plugins/support for wordpress Mu,buddypress at a very low cost (starting with $30 for 3 months membership).If you or anyone you know,needs some real good plugins/themes for their wordpress Mu/buddypress powered site, Please refer them to http://BuddyDev.com.We will highly appreciate your support and keep coming with more useful and free stuffs.
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