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"Anger over Facebook's ToS update has forced the company to scramble. Yesterday, a spokesman released a statement that said Facebook has never 'claimed ownership of material that users upload,' and is trying to be more open to users about how their data is being handled. Mark Zuckerberg has also weighed in, stating 'we wouldn't share your information in a way you wouldn't want.' Facebook members are skeptical, however ? protests have sprung up on blogs, message boards, and a new Facebook group called 'People Against the new Terms of Service' that has added more than 10,000 members today."
I think someone who is really concerned about this is an egomaniac. I mean, do you really think your wall posting is that awesome that Facebook is going to want to use it for other purposes? What, are you writing the new great novel on there? I'm sure they really want your pictures of you and your friends doing jello shots at Spring Break last year. I heard those go for quite a bit of money these days.
I think it’s more of a matter of privacy.
Yes, folks should know better but on the same token if I delete my account I want it deleted not archived to suit their purposes.