Disables the activation email and automatically activates new users in BuddyPress under a standard WP install and WPMU (multisite). Also, automatically logs in the new user since the account is already active.
Possible Future Features:
-Option to turn off automatic login
-Option to not disable email
-Redirect options after account creation
Known Bugs:
-Doesn’t do the automatic login if you allow blog creation during the user creation in WPMU (multisite)