Me.com launched a product called Social Networking Application Platform shortly SNAPP for creating social communities. Snapp free is ad supported, they will run Google Adsesne across your community and 50% of the revenue is shared with the community owner.
Creating a community is easy, register with me.com and select your community url, all Snapp free communities act as subdomains of me.com.
It has all features of a typical community site like Chats, Profiles, Videos, Music etc. If you are looking to create a social networking site with out the hazzle of coding and maintaining the servers Snapp is a good place to start.
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