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The Match module may also be of interest. It is developed to work with the Profile module. You can create two separate views into the same data.
It enables you to utilize the fields as created in the profile module but lets you set it's own set of permissions. This can help to create a very powerful social networking website depending on your needs.
It has the same functionality as the profile module: Search/Edit etc and some additional functionality like Add/Remove favourites, activate/de-activate profile.
You can download here:
http://www.evucan.com/modules/mydownloads/singlefile.php?cid=2&lid=1