This is everything WordPress has to offer for publishing a blog. The only difference is that all administration tabs will be moved underneath a “Blog” tab. A Member’s blog will also appear under “/membername/blog/” or /membername.domain.com/blog” rather than at the root.
I should also make some clarifications here. Moving the blog from the main focus is all handled with the theme files. The BuddyPress plugins do not force the blog to a secondary position. This means that if you want to keep the blog front and center, it’s just a matter of editing the theme.