Matt Mckeon made a great graphical display of how Facebook’s privacy has eroded to where there really is none now.
Wired writer Ryan Singel wrote recently about how Facebook has gone rogue and it is time for an open alternative.
It makes sense that another service would creep up. Myspace ate Friendster and was in turn eaten by Facebook which has eaten up just about everything. Now to build a service that can compete with Facebook and eat it in turn.