Would love to allow directory members to ability to add and edit their own profiles. I was able to link them to the add profiles page, but how can they go back and update the content without my giving them access to the dashboard, which would let them see/edit all of the other members profiles as well.

This feature is planned as an add-on which I do not have an ETA for.
I agree. This would be a great addition!
I agree also, this would be great for business directories so clients can edit their own profile and business information.
Not only would I like to see this, but our 50 member business networking group would really like to see this, I am getting a lot of requests for this as it is now I must go in and manage the change requests, adding even more for me to do in a day.
This function can not come soon enough!
I agree with above. Our users should be able to log in to the site, visit the connections drop down (thereby passing our traffic through your ad space) and edit their profile at will. They should be able to edit:
Visibility
Form Info
Photos
Categories
This is a must have and would push this fantastic plugin to the next level. This should be a standard feature. My business directory (using this plugin) is planned to hold hundreds of users, making the plugin unrealistic (in terms of the site owner’s management time loss).