Yep. Half of my news feed is bullshit stuff that my friends like because they haven't discovered true content aggregators. They use Facebook for the sort of stuff that I use Reddit for and it completely ruins my experience.
I'm there to see what's happening IRL with my friends, not to see pictures of stuff that I saw a few days ago while on the toilet.
For context, I'm a 19 year old student going into my third year at uni, so that puts me right in Facebook's original target demographic. It's disappointing that a service so useful for staying in touch with friends has degraded into little more than an IM service because the rest of it's been spammed to hell.