Just came across the Orkut help group where a Orkut guide (Dhivya) is directing all Orkut community owners to report any fault they come across, in ‘Co-owner’ feature of any Orkut communities. I am not sure whether there’s really a new bug, if you come across any such fault or bug in ‘Co-owner’ feature, you can report about it here. As there is no official release about it, Community owners are request not panic.
Also, if you come across any bug, do not forget to let us know about it so that we too can investigate something about it. 😉