If they can make guesses this accurate about your photos, imagine they guesses they're making behind the scenes about your life, your personality and your innermost thoughts.
If there was a page on fb where it showed all the inferences they had made about you, sexuality, income, religion, philosophical viewpoints, mental health, etc. then people would run screaming. Of course, a lot of people have already told fb that info voluntarily, and that's why its possible to guess it for everyone else.
Also potentially terrifying: a facebook fortune telling engine. I bet they can predict your future with frightening accuracy, or they will be able to after another decade or so of data anyway.