Now, those 122 friends are fully aware that their public email addresses and phone numbers are available to me. Those that do not want this, should not publish their emails or phone numbers or should not befriend me.
What Facebook is doing here is to make it hard to export my list of friends to other places, like Google's contacts or my own phone's contacts list or Google+ or whatever. I have to go over each of those 122 acquaintances and copy/paste their data manually.
What they are doing is definitely not illegal, but on the other hand I dislike Facebook so much that I'm willing to switch to a competitor that already engages in anti-competitive behavior by means of their near-monopoly, but that knows how to treat my own data.