I am reading the readme file before installing 5.0.1 on a new site and it is full of the Socialengine 4 language. Download Socialengine4... Do you want me to read through it and update this file for you?
It actually says at the top of the page This documentation describes how to get started with SocialEngine 4"
This is something we already fixed in 5.1 as we noticed it and updated it for that release.
When is 5.1 coming out?
As soon as we can fix the recaptcha issue that was reported recently. We had been ready for release but we need that issue fixed first.
I am sure that is easy for the coders you have. Should I wait before installing the current version?
It's not so easy atm as Mootools has the conflict reported by Joomla, WordPress and other scripts. We are looking at a workaround. You may want to wait to upgrade if there isn't something you need in 5.0.1.