With all due respect to the JomSocial users out there, JomSocial looks great. It only seems to have one type and price of license though (which doesn't work for me), and K2 already has a lot of features in it that make up bits and pieces of a social networking environment.
If K2 supports JomSocial, that's cool, but Id really like to see a K2 Social come along. And I wouldn't even ask for it to be free - just follow the same license you have for Front Page Slideshow :-)