All you naysayers are being blinded by your own preconceived notion that Facebook == Bad.
Whether you like it or not Facebook is defining social networking right now and they aren't showing signs of slowing down. Features and UI design they push out serve to train the masses because their reach is gigantic; the biggest... in fact.
Did you see how many photos they store?
It's foolish to dismiss Facebook, especially so whimsically. I can immediately think of new ways to structure a members' area that would make finding content much easier. The UI for Timeline is very, very nice. It's executed on a level you would expect from a multibillion dollar tech company...