One author states that Web-based software is more likely to take advantage of social networking (Web 2.0) approaches such as wikis and blogs. If this is the case, can we expect more social networking capabilities in all future software? Aside from LinkedIn, how can social media be leveraged by CIT graduates?

Yes

Explanation:

I will say Yes. There are very much limitless possible and future we can expect from social media and even more from social networking. Its capabilities from upcoming software in the future. Since the Internet is in its early days of growing and cloud computing being introduced there are way more possibilities in the future.

Social media can be duely applied by CIT (Computer Information Technologies) graduates. It can be used to improve them in their career and also will helps them connect professionally. Quora is one such platform which is not exactly like LinkedIn but pretty much serves the purpose.

this would start to sound a little like mortal combat