Facebook will just be another MySpace, Hi5, or Beebo. In a year or two someone will come along and introduce a better social networking site and we'll all get bored of Facebook (if we aren't already) and hop on the next bandwagon.

I'm not so concerned with what Facebook's 'stated' privacy policies are today, since they seem to change on a monthly basis, and because it would be naive to trust them. If you are willing to log in to Facebook's site, you have to surrender some amount of control of your content to them. If you are posting comments or photos that could get you in trouble later on if misused, then don't post them.