Wired has the story.  I understand that Facebook is an expensive proposition to run and maintain, and that the need to monetize its use was something that Zuckerberg could not avoid (welcome reality, open source folks!)  However, the sudden assault on privacy of the users of the service are creating a backlash.  Matt MacKeon of IBM has created an interactive chart showing the changes of the privacy policy and what information is exposed to friends, networks, and the internet.

Several of the people I have reconnected with on the service are bailing out, and I’m already thinking of bailing, as I did on MySpace.  This service might be the way to go.  Their project, Diaspora, is already funded and in the early stages of development.

Here’s a look at the changes from 2005…

…to today…