As announced in the last post the beta version has been released today.
Please use this version only on tests sites, we will not provide support for it. The purpose of this version is to demonstrate the new features. We are doing major changes so you should wait a more stable version before reporting bugs. Probably db structure will change before next release.
You can always download latest development version from http://downloads.wordpress.org/plugin/bp-album.zip
keyword tagging and member tagging
multiple album dynamically generated, based on tags
disk based image caching with custom sizes
for further details and installing guide please see this post: http://buddypress.org/forums/topic/bp-album-new-features-requests-and-discussion/page/3#post-44269