I'd like to point out Arvind Narayanan's report of the 2nd FTC Privacy Roundtable 2010 - very interesting reading, particularly his views on Facebook. Oddly enough he was the only academic computer scientist on the panel.
Those who wish may compare Facebook's statements on the FTC panel with the comments made by Richard Allan on behalf of Facebook in the recent panel session on internet rights with Google,Vodafone and Open Insights at the London School of Economics.
(For anyone who doesn't know, Arvind Narayanan is one of the authors of various seminal papers on de-anonymisation and re-identification, a few of which I've already mentioned on this blog.)
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