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As for Tribe, their underlying technology platform was worth a lot more than any of the incumbents and redeployed in a diff model could open up some interesting opportunities. Note that Aggregate Knowledge came from some of the learnings at Tribe.
As for Cisco, they've already declared that they would be diversifying into the Web 2.0 world and services, so this is no real big surprise.
Cisco has billions more and an internal sales force with contact to a lot of enterprise customers. I don't know that they will become a social networking success but the odds that Cisco pulls it off are a lot more plausible than Ning going into optical switches. Marc sounds like a guy who's put $9 million into something that will face massive competition and will say aynthing to create an impression that he's confident.