Since there's no changelog section for this WordPress theme it took a visit to the plugin author's own page to find out what's new in plugin version. Here it is to save time for everyone else:
I’ve released Elbee Elgee version 1.3.8. This fixes a couple of issues involving emphasis elements and AJAX functionality in BuddyPress after BP updated to version 1.6. It should be live in the theme repository, so go ahead and download away.