I am a student at Neumont University. I have been put in charge of our university forums. The previous administrator was working on getting blogging enabled for students but could fing a good engine for it. Currently, we use Dotnetnuke with the Yet Another Forum module for our forums. Would this Blog module be what I should use? Even if there is something out there that needs to be paid for, I have a rather large budget to get blogging up and running. The university IT department has said I can use whatever I want as long as it has "BB Code editor". I have no idea what that is but I need to have it. Is this the right blogging module for me or is there another you guys can reccomend? 

Awesome. Just to confirm, this is open source, right?

I have clarified why we need the BB Code editor. Neumont University is a school specialized in Computer Science degrees. We have a lot of CS saavy users. One such user inject malicious javascript into a blog while we were using a differant module and caused quite the nuisance with a bug that made your mouse invisible and jump to a random location every 5 seconds.  So to prevent such injections at anytime in the future, we need a BBCode editor. Is there plans to add that to this module or are there modules that you know of that have BBCode editors and work on Dotnet nuke?