In what way? So you can be lazier while maintaining a larger social network? I think Facebook depersonalizes relationships even more so than the email/twitter/IM communication methods.

I dont miss it. There are a few email addresses on there that I wish I had written down, so I guess there is some value, but is that value worth the wasted time getting sucked up in a live status stream (or worse: Your data in such stream)? Looking and commenting on peoples wall? Gossiping? Its a trashy medium, just like the tabloid medium before it, only with different recognizable people and with your life on display as well.