If it was just this, I would be okay with it. It was also saying "and here is a list of all of Bob Smith's friends, and their info".
I have my Facebook profile set to 'friends', and perhaps its obvious now, but I guess I didn't realize an app installed by my great aunt now has all my information. I happily gave her access to see my profile, kids pictures, etc. But do I want every single thing she connects to to see any data I allow her to see?