My choice for Best Social Networking Software for 2012 (and the one that will be my #1 recommendation in this category until next years awards) is phpFox!
phpFox is a social network software that gives you the ability to create a unique community that includes many of the features found on sites like Facebook and MySpace. You can read more about it in our phpFox Review.
Why did I choose them? They offer response technical support, the product is well established and has a good base with which to work from, there are a wide variety of customization options and for every person I've referred to phpFox, I've had not one come back to me complaining that it didn't suit their needs.
As my choice for this year, when asked to offer suggestions for the best social networking software, I will point to phpFox. They will receive my recommendation from now until next year’s winner is announced. Congratulations!