As a facebook app developer i am aware of what shaky ground it is. I must attest the best days of the platform was when Morin was in charge, people were actually flocking to make apps and the platform was adding features. Ever since he left, feature pruning started, policies were not enforced, facebook changed their designs every month and the platform team inexplicably started reinventing the wheel. Then at some point facebook banned our AdSense revenue stream, and soon after they required 30% cut of our virtual goods.
We have now switched to an external website using facebook connect and are happy with it. I am thrilled that Google+ is building a competing platform.