function get_last_five_updated( $display = false ) {
global $wpdb;
return $wpdb->get_results( "SELECT blog_id, domain, path FROM $wpdb->blogs WHERE site_id = '$wpdb->siteid' AND public = '1' AND archived = '0' AND mature = '0' AND spam = '0' AND deleted = '0' AND last_updated != '0000-00-00 00:00:00' ORDER BY last_updated DESC limit 0,5", ARRAY_A );
}

<?php
$blogs = get_last_five_updated();
if( is_array( $blogs ) ) {
?>
<?php $stats = get_sitestats(); echo "This site presently have ".$stats[ 'blogs' ]." different kinds of blogs within it's network shared amongst ".$stats[ 'users' ]." unique users.<br /><br /><strong>Our five most recent members include:</strong><br /><br />"; ?>
<ul>
<?php foreach( $blogs as $details ) {
?><li><a href="http://<?php echo $details[ 'domain' ] . $details[ 'path' ] ?>"><?php echo get_blog_option( $details[ 'blog_id' ], 'blogname' ) ?></a><br /><?php echo get_blog_option( $details[ 'blog_id' ], 'blogdescription' ) ?><br /></li><?php
}
?>
</ul>
<?php
}
?>

<?php
<h2 class=”storytitle”>Site Stats</h2>”;
echo “There are currently “.$stats[ 'blogs' ].” blogs running on this server and “.$stats[ 'users' ].” users.<br />”;
?>