If you watch some of the videos in the 'Have you seen... ' section, you do get glimpses of the administration control panel. However, I think it would be good if somebody took some screenshots of the administration control panel (more prominent areas like the dashboard) and posted them here :) -...
If 'Recent Activity' is going to be implemented at all, I think the 'Profile Posts' tab should be renamed to just 'Profile' and all the recent activity be integrated into there.