Every year at Christmas, I get a card from a family member with a short, personal hand-written note and a 1-page, generic printed update on how their year has been, usually with some pictures.
This is what I want from a social network.
I want to be able to keep up some regular connection with people I don't see on a regular basis. I want us to remember each other, know about major life events, and have a convenient way to reconnect more personally when that makes sense.
For people I see (or want to talk to) regularly, I'll just send messages or group messages.
For more of the topic-centered type of internet community I may want in my life... well HN already does that perfectly.